Comments
Transcript
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STGuy is smart but no clear guidance - seems deliberately - as a customer I would walk out of the meeting more confused
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WGBrilliant. Thanks.
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MCIn the title there is a link to a res Pearce report he wrote, but the link isn’t live. Can you add it to this thread? Excellent interview.
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BGHe probably knows ten times what I do on any economic subject. But he can't convey it clearly.
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SWSuper interesting interview!
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RMExcellent interview and a refreshing break from the talking heads at CNBC this week. Nice to listen to someone that shares their investment approach in an open and honest way without the agenda of pitching the market. His insights on where we are in the current market were good takeaways for those looking to put cash to work in the near future.
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CTthe opening scene... "in post 2008, few are able to hedge against." Certainly not the case in Europe. Can still easily trade 1bn in Credit Indexes and 50m clips in single names. Typing this on the day eurostoxx is down 10%. And the above still stands and Europe is a far less liquid market than US credit markets .
Chapters
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Could coronavirus be a catalyst for the end of the credit cycle?
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How do you generate put optionality?
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Bond market liquidity: how hard is it to get a bid?
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What does the Asset-Liability Mismatch mean in today's market?
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Is shorting credit ETFs a viable way to hedge?
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Is there a "new regime" for leveraged loans?
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What do you make of the credit writedowns in the energy sector?
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What about leveraged loans and high yield bonds?
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What's the significance of the recent rally in Treasurys?
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What about CLOs?
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How likely is a downgrade of BBB-rated bonds?
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How appropriately priced is credit risk?
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What risks do you see in the world of direct lending?
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Do you see opportunity in all of this chaos?