Podcasts about global credit

In the latest episode, we assess the state of the public and private credit markets, looking at the current balance of supply and demand and considering the risks and opportunities for investors. Join Wayne Dahl (Co-Portfolio Manager, Global Credit) and Suzana Perić (Managing Director, Sourcing & Origination) as they discuss topics from the recently published Oaktree Credit Quarterly 1Q2025: Gridlock.

In this Australian Retirement Podcast episode, your host Mitchell Sneddon sits down with Mark Kiesel, PIMCO's Chief Investment Officer of Global Credit. Together, they discuss: Why now could be a generational opportunity for bond investors Mark's outlook on inflation, interest rates and the global economy PIMCO's $2 trillion advantage and how it creates alpha in credit markets What airlines and housing trends are saying about the next economic slowdown If you like this Australian Retirement Podcast episode, you'll love the series. Don't forget to subscribe for weekly shows on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Topics Covered Mark's visit to Australia and on-the-ground insights How PIMCO's massive scale drives bond market advantage His famous 2006 call to sell his home pre-GFC Why inflation is likely to fall and bond markets may rally The “slimming down” theory and macroeconomic signals What airlines, autos and housing are telling us about sentiment Mark's contrarian outlook and long-term investing mindset Resources for This Episode

David Prowse and Justin Patrie discuss the key points in Fitch's 1Q25 Risk Headquarters report, covering how the credit risk environment has evolved since the start of the year in response to inflation, new Trump administration policies, and more.

David Prowse and Justin Patrie discuss the key points in Fitch's 2025 Global Credit Outlook report, including positive drivers for the market such as falling interest rates, and negative drivers including escalating geopolitical risks.

Why have Treasury yields remained higher for longer and what does this mean for credit investors? What are the potential impacts of the historic stimulus recently announced in China? And what is the current outlook for income-generating real estate? In the latest episode of The Insight: Conversations, Danielle Poli (Assistant Portfolio Manager, Global Credit), Julio Herrera (Portfolio Manager, Emerging Markets Debt), Mark Jacobs (Co-Portfolio Manager, Real Estate Income), and Todd Molz (Chief Operating Officer) discuss topics from the recently published edition of The Roundup: Top Takeaways from Oaktree's Quarterly Letters.You can listen to the December 2024 edition of The Roundup in the previous episode in this feed, or read it here (https://www.oaktreecapital.com/insights/insight-commentary/market-commentary/the-roundup-top-takeaways-from-oaktree-s-quarterly-letters-december-2024-edition).

In this episode, we discuss key trends and positioning in credit markets with Brian Carney, lead portfolio manager of the Mawer global credit opportunities strategy. We touch on the year's strong performance driven by tighter spreads, higher yields, and emerging risks such as low risk premiums and the U.S. election. Topics include corporate issuance, fallen angels, and public-private credit convergence. Emphasizing capital preservation, Brian highlights portfolio positioning in high-quality, short-duration securities, such as North American bank bonds, while avoiding high-yield exposure. Key Takeaways: Credit markets have performed well this year, driven by tighter spreads and higher benchmark yields, but risk premiums are historically low. Brian suggests investors prioritize capital preservation over chasing yield, avoiding high-yield bonds and long-dated credit. Post-U.S. election, vigilance is key amid potential policy-driven market shifts. Trends in the past quarter include fallen angels, commercial real estate risks, and potential high-yield defaults. An actively managed, absolute return credit strategy offers diversification, income, and potential capital appreciation while protecting against adverse credit and interest rate moves. It's ideal for long-term investors seeking alternatives to passive strategies and opportunities in volatile or distorted markets. Brian recommends investors view absolute return credit as a long-term allocation, not for market timing. Market dislocations are brief, and panic often prevents opportunistic moves. Mawer's portfolio is managed bottom-up, focusing on individual credit assessments to mitigate risk and seize opportunities. It prioritizes short-duration, high-quality holdings, avoids high yield, and ensures diversification with a maximum issuer cap of 10%, balancing downside risk and concentrated positions. Optimism abounds for long-term credit opportunities and future discussions on continued progress.   Host: Kevin Minas, CFA, MBA, CAIA Mawer Institutional Portfolio Manager Guest: Brian Carney, CIM Mawer Portfolio Manager, Fixed Income For more details and full transcript visit: https://mawer.com/the-art-of-boring/podcast This episode is available for download anywhere you get your podcasts. -- Founded in 1974, Mawer is a privately owned independent investment firm managing assets for institutional and individual investors. Mawer employs over 250 people in Canada, U.S., and Singapore. Visit Mawer at https://www.mawer.com. Follow us on social: LinkedIn -   / mawer-investment-management  Instagram - / https://www.instagram.com/mawerinvestmentmanagement/

With the US election as a backdrop, our Head of Corporate Credit Research Andrew Sheets tells three stories that help encapsulate the state of global credit markets.----- Transcript -----Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll go around the credit world in three short stories. It's Thursday, October 31st at 2pm in London.The US election next Tuesday continues to be a top issue on investor minds, and indeed is a top issue for us here at Thoughts on the Market, where it's dominating your feed over this week. For credit, our positive view this year has been closely tied to the idea that the asset class likes moderation. For example, in data released yesterday the US economy grew a solid 2.8 per cent in the third quarter, while core inflation moderated to just 2.2 per cent, close to the Fed's target. And Morgan Stanley's forecasts for the rest of this year and next see that pattern continuing: Solid US Growth, falling inflation, driving steady further rate cuts from the Federal Reserve and all creating a better-than-expected backdrop for credit that should support tighter than average spreads. That idea that credit likes moderation is core to how we view the election. Outcomes that could drive larger changes in economic policy, domestic policy or foreign policy, are all larger risks. And outcomes that could drive more moderate outcomes across all of these factors are likely going to be better for credit, in our view. But you may also be tired of hearing about the election. And so for you, here is a quick tour of the credit world in three non-election stories. In Asia, Korea will be added to the FTSE World Government Bond Index, an important benchmark for global bond investors. This has significant implications across Korean assets, but for Credit, it may be most important for sparking more interest in Corporate Bonds denominated in local Korean Won.This is a larger market than investors may initially realize, totaling roughly $1 trillion US equivalent in size. And meanwhile, the exposure of foreign investors to this market is historically low. A large market with little global exposure is a potential opportunity. Moving to Europe, you could be forgiven for thinking the mood is pretty dour. Growth has been weaker than in the United States, while the US Election is raising questions around everything from disruptions to trans-Atlantic trade, to the future of NATO, to the war in Ukraine. But over the last month, flows into European credit have been extremely good. Per work by my colleagues, inflows into European credit have reached record levels over the last several months. The start of rate cuts leading investors to lock in still-attractive all-in yields in Europe is a big part of this story. Finally, in the US, we continue to see remarkable shifts in the ease with which investors can trade large volumes of corporate bonds. So-called portfolio trading, where investors buy or sell bonds as a group, continues to grow, with September seeing a new all-time high in activity. Year-to-date, through September, we estimate that roughly $760 billion – with a ‘b' – has been traded this way. It's never been easier to trade very large volumes of corporate bonds. The US election on November 5th will continue to dominate investor focus over the coming days. As it should. Credit has been an enormous beneficiary of the recent backdrop that's seen solid growth, moderating inflation, and moderating policy rates. The vote will have an important bearing on whether that moderation continues, or if something new takes its place. But away from the election there are other important things happening. Korea's Local Currency Corporate bond market is a large, underinvested market that may get more attention after index inclusion. European Credit is seeing record flows despite its macro uncertainties, an indicator of underlying investor demand. And in the US, the continued rise of portfolio trading is re-shaping market structure and improving the ability to trade ever larger volumes of corporate bonds. Thanks for listening. If you enjoy the show, leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today. Oh, and Happy Halloween.

In the latest Performing Credit Quarterly, Armen Panossian (Co-CEO and Head of Performing Credit) and Danielle Poli (Assistant Portfolio Manager, Global Credit) explore the next frontier of private credit: asset-backed finance. They discuss how major regulatory changes are causing traditional lenders to retrench from the space, leaving a significant financing void. They also look at several other trends affecting credit markets, including the first Fed cut of the cycle, the return of M&A and LBO activity, and the rise of PIK within private credit.You can read the 3Q2024 PCQ here (https://www.oaktreecapital.com/docs/default-source/default-document-library/pcq-3q2024.pdf?sfvrsn=89935466_5).

Featuring: Todd Jablonski, Global Head of Multi-Asset and Quantitative Investments at Principal Asset Management Steven Sun, Head of Research at HSBC Qianhai Nupur Gupta, Portfolio Manager at Eastspring Investments  Apple: https://podcasts.apple.com/us/podcast/bloomberg-daybreak-asia/id1663863437Spotify: https://open.spotify.com/show/0Ccfge70zthAgVfm0NVw1bTuneIn: https://tunein.com/podcasts/Asian-Talk/Bloomberg-Daybreak-Asia-Edition-p247557/?lang=es-es See omnystudio.com/listener for privacy information.

In this joint Big Picture-Emerging Markets Decoded episode, our regional analysts highlight the key US policy areas to watch in Europe, Asia-Pacific and Latin America -- and discuss which economies and sectors could be at risk if policies were to dramatically change.Guests: Sarah Carlson, Senior Vice President, Sovereign Risk Group, Moody's Ratings; Gong Cheng, Managing Director, Credit Strategy, Moody's Ratings; Ariane Ortiz-Bollin, Vice President - Senior Credit Officer, Credit Strategy, Moody's RatingsHost: William Foster, Senior Vice President, Sovereign Risk Group, Moody's Ratings

In this joint Big Picture-Emerging Markets Decoded episode, our regional analysts highlight the key US policy areas to watch in Europe, Asia-Pacific and Latin America -- and discuss which economies and sectors could be at risk if policies were to dramatically change.Guests: Sarah Carlson, Senior Vice President, Sovereign Risk Group, Moody's Ratings; Gong Cheng, Managing Director, Credit Strategy, Moody's Ratings; Ariane Ortiz-Bollin, Vice President - Senior Credit Officer, Credit Strategy, Moody's RatingsHost: William Foster, Senior Vice President, Sovereign Risk Group, Moody's Ratings

The corporate credit landscape could face uncertain times ahead, with upcoming elections, policy shifts and global conflicts. Andrew Beckman, Head of Global Credit at FS Investments, joins Credit Crunch's Noel Hebert and Sam Geier to discuss the firm's approach to investing across public and private markets. The conversation delves into current risk-reward levels, the credit-quality sweet spot, leveraging the broader FS infrastructure, creditor-on-creditor violence and more. Credit Crunch is part of the FICC Focus podcast.

In order to deal with global credit card providers such as Visa or MasterCard, companies need something called a PCI which proves that their own IT systems are robust to deal with in a safe and secure way. One Irish company specialises in this and even provides services to the Central bank of Ireland Joining Joe this morning was Ian Brown is the Executive Chairman of Integrity360.

David Prowse, Senior Director, Fitch Wire, and Justin Patrie, Head of Fitch Wire, look into our 3Q24 Risk Headquarters report, covering the ongoing impact of high interest rates, escalating geopolitical risks, real estate market challenges and more.

The disparity between the haves and the have-nots has widened meaningfully in the U.S. economy over the last year. As a result, healthy aggregate macroeconomic indicators have often obscured the weakness building among pockets of the population. In the latest episode of The Insight: Conversations, Armen Panossian (Co-CEO and Head of Performing Credit) and Wayne Dahl (Co-Portfolio Manager, Global Credit) consider how this dual economy is impacting credit investors as they discuss topics from the recently published Performing Credit Quarterly 2Q2024: The Dual Economy (https://www.oaktreecapital.com/insights/insight-commentary/market-commentary/performing-credit-quarterly-2q2024-the-dual-economy).

Markets were in turmoil this week thanks to a perfect storm of a possible US recession and the unwinding of the carry trade in Japan. Justin Patrie, Senior Director, Credit Policy Group, Head of Fitch Wire tells what other risks we should be aware of in the second half of the year and what are the implications of a US presidential election.Image Credit: shutterstock.com

In the latest Performing Credit Quarterly, Armen Panossian (Co-CEO and Head of Performing Credit) and Danielle Poli (Assistant Portfolio Manager, Global Credit) discuss how conflicting trends in the bifurcated U.S. economy are sending mixed signals and creating challenges for both central bankers and investors. They discuss the potential implications for credit investors and how many companies with unstable capital structures may no longer be able to keep kicking the can down the road if interest rates remain elevated and pockets of the economy weaken.

What if our entire understanding of capitalism is fundamentally flawed? Join us on a journey through history as we explore Richard Duncan's compelling argument that capitalism has evolved into what he terms "creditism." Starting from the collapse of the gold standard during World War I and leading through key events like the Great Depression and World War II, Richard provides an eye-opening historical analysis that shows how government intervention has become a cornerstone of our modern economy. Understand how significant changes in monetary policy during the 1960s and 70s, especially the severance of the dollar-gold link in 1971, have shaped the financial landscape we navigate today.Ever wondered about the dangers lurking in our credit-based economy? Richard Duncan delves deep into the precarious nature of credit bubbles and the potential catastrophic consequences if they burst, as warned by Austrian economists like Ludwig von Mises. We also cover the government's pivotal role in staving off economic disasters during the 2008 financial crisis and the 2020 COVID-19 pandemic through aggressive deficit spending and monetary interventions. Additionally, we discuss the global implications of this credit-driven system, touching on how globalization, inflation, and geopolitical tensions like the war in Ukraine are intertwined with the Federal Reserve's and other central banks' policies worldwide. Don't miss this insightful episode that challenges conventional economic wisdom and offers a comprehensive understanding of our current financial system.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Support the Show.

In a special edition of The Insight: Conversations, you'll hear excerpts from multiple sessions held during Oaktree's recent biannual client conference. Oaktree co-chairman Howard Marks does a deep dive into his sea change thesis, members of Oaktree's Global Credit team examine the most significant trends impacting the high yield bond and leveraged loan markets, and Oaktree's Opportunistic Credit team explores key themes reshaping today's restructuring environment.

In a special edition of The Insight: Conversations, you'll hear excerpts from multiple sessions held during Oaktree's recent biannual client conference. Oaktree co-chairman Howard Marks does a deep dive into his sea change thesis, members of Oaktree's Global Credit team examine the most significant trends impacting the high yield bond and leveraged loan markets, and Oaktree's Opportunistic Credit team explores key themes reshaping today's restructuring environment.

In this episode of the CLO Investor podcast, host Shiloh Bates interviews Patrick Wolfe, the middle market CLO manager at BlackRock. They discuss the current state of the middle market loans and the risks for CLO investors in today's economy. Patrick explains the differences between middle market loans and broadly syndicated loans, highlighting the need for origination and underwriting in the middle market. He also describes the competition for middle market loans and the importance of reputation and industry specialization in transactions. Other topics include the impact of higher interest rates on borrowers; the potential for increased M&A activity in the middle market; and the importance of valuations and need for standardization in the industry.

Oaktree co-chairman Howard Marks recently noted that many investors today are feeling “unusually uncertain” about the future of the economy and financial markets. In the latest Performing Credit Quarterly, Armen Panossian (co-CEO and Head of Performing Credit) and Danielle Poli (Assistant Portfolio Manager, Global Credit) explore the pockets of risk and opportunity emerging in this environment and the potential implications for credit investors. Plus, we've included excerpts from Howard's recent market update to Oaktree clients.

Altice ‘Jenga Tower' Menaces Global Credit Markets (Podcast)Altice distress is ripping through global credit markets and setting some ugly precedents for debt investors. Aidan Cheslin from Bloomberg Intelligence joins Irene Garcia Perez, Eleanor Duncan and James Crombie with Bloomberg News to discuss the ongoing drama. Billionaire owner Patrick Drahi has taken a combative approach to creditors, who are joining forces in an effort to avoid steep losses. Credit rating downgrades and asset price falls at Altice France — which has more than €24 billion ($25.6 billion) in debt — make lenders cautious and undermine the ability of other risky companies to refinance debt. The French telecom is “teetering like a Jenga tower with unsustainable leverage and negative free cash flow,” according to BI's Cheslin.See omnystudio.com/listener for privacy information.

Senior US Economist Brett Ryan and Senior International Economist Peter Sidorov discuss the latest trends in bank lending and financing conditions and their implications. In the past two years, central banks on both sides of the Atlantic have delivered their sharpest hiking cycles since the 1980s. But the economic impact of these has varied widely, opening the door for less synchronous policy as central banks contemplate cutting rates.

In this episode of the Meet the Investor podcast, host Joey Mouracadeh sits down with Michael Smith, Partner and Co-Head at Ares Global Credit Group. From his extensive experience spanning 25 years, Michael offers a deep dive into the evolution of private credit and Ares' pivotal role within it. Discover how Ares strategically shifted towards financing leveraged buyouts, gaining unparalleled expertise in direct lending. Explore the nuances of this dynamic asset class, including portfolio integration and future trends. Music provided by: Autumn Trumpet Background Corporate by LesFM | https://lesfm.net/ Music promoted by https://www.chosic.com/free-music/all/ Creative Commons CC BY 3.0 https://creativecommons.org/licenses/by/3.0/

Which macroeconomic tailwinds are weakening and potentially turning into headwinds? Why may it now be easier to find a signal amid the economic noise? And what are the implications for credit investors? In the latest episode of The Insight: Conversations, Armen Panossian (incoming co-CEO and Head of Performing Credit), Danielle Poli (Assistant Portfolio Manager, Global Credit), and Wayne Dahl (Co-Portfolio Manager, Global Credit) discuss these and other topics from the recently published Performing Credit Quarterly 4Q2023: The Goldilocks Trap.

Richard Hunter, Chief Credit Officer, and Justin Patrie, Senior Director, discuss the key themes of Fitch's recent 2024 Global Outlook report, including sustained elevated interest rates, asset quality deterioration, a US growth slowdown, and more.

Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.George Ferguson, Bloomberg Intelligence Senior Aerospace and Airlines Analyst, joins to discuss Boeing earnings. Herman Chan, Bloomberg Intelligence Senior Analyst for US Regional Banks, discusses NY Community Bancorp shares plunging a record. Glen Smith, Chief Investment Officer at GDS Wealth Management, discusses his market outlook, and investment opportunities. Steve Purdy, Co-Head of Global Credit at TCW, joins to discuss the latest from the fixed income space. Kristina Hooper, Chief Global Markets Strategist at Invesco, gives her outlook for today's Fed meeting.Hosts: Paul Sweeney and Emily GraffeoSee omnystudio.com/listener for privacy information.

In this episode, newly appointed Fixed Income Portfolio Manager at Mawer, Brian Carney, shares his insights on global credit strategies. With over 30 years of experience in the investment industry, Brian discusses his career journey, the evolution of credit markets, and his perspectives on current market dynamics. He highlights Mawer's approach to managing credit risks and opportunities, detailing the new Global Credit Opportunity Strategy at Mawer.     Key Points From This Episode:   Brian Carney's extensive background in finance and credit markets   The evolution and current state of global credit markets   Introduction of Mawer's Global Credit Opportunity Strategy   Approaches to managing risks and capitalizing on opportunities in credit   Insights on fixed income strategies and market dislocations   Mawer's unique position and strategies in the investment landscape   Links: Mawer Investment Management

In the latest Performing Credit Quarterly, Armen Panossian (Head of Performing Credit) and Danielle Poli (Assistant Portfolio Manager, Global Credit) discuss the “Goldilocks thinking” prevalent in today's markets, highlighting the potential pitfalls and opportunities it's creating. At a time when several long- and short-term economic tailwinds appear to be weakening, they consider the risk of assuming that everything will be just fine.You can read the 4Q2023 PCQ here (https://www.oaktreecapital.com/insights/insight-commentary/market-commentary/performing-credit-quarterly-4q2023-the-goldilocks-trap).

What is a “normal” investment environment? What might a recession in 2024 mean for liquid credit? What's happening in life sciences lending today? Find out by listening to the latest episode of The Insight: Conversations with Howard Marks (Co-Chairman), David Rosenberg (Co-Portfolio Manager, Global Credit), and Aman Kumar (Co-Portfolio Manager, Life Sciences Lending). They discuss topics from the December edition of The Roundup: Top Takeaways from Oaktree's Quarterly Letters and consider what investors should focus on as we enter 2024 – and what remains unknowable.

What is a “normal” investment environment? What might a recession in 2024 mean for liquid credit? What's happening in life sciences lending today? Find out by listening to the latest episode of The Insight: Conversations with Howard Marks (Co-Chairman), David Rosenberg (Co-Portfolio Manager, Global Credit), and Aman Kumar (Co-Portfolio Manager, Life Sciences Lending). They discuss topics from the December edition of The Roundup: Top Takeaways from Oaktree's Quarterly Letters and consider what investors should focus on as we enter 2024 – and what remains unknowable.

In the latest Performing Credit Quarterly, Oaktree argues that investors analyzing today's leveraged credit markets should focus less on average risk and more on tail risk, as this segment of the market is currently much more vulnerable than usual. Armen Panossian (Head of Performing Credit) and Danielle Poli (Assistant Portfolio Manager, Global Credit) explore the risks and opportunities for credit investors if this tail risk becomes a tail reality.You can read the 3Q2023 PCQ here (https://www.oaktreecapital.com/docs/default-source/default-document-library/performing-credit-quarterly-3q2023.pdf?sfvrsn=6bf05166_3).

How have credit investors been successfully navigating the volatile interest rate environment? Which sectors currently look attractive to opportunistic credit investors? What are some of the major misconceptions about today's commercial real estate market? In this episode of The Insight: Conversations, Wayne Dahl (Assistant Portfolio Manager, Global Credit), Robert O'Leary (Portfolio Manager, Global Opportunities), and Mark Jacobs (Co-Portfolio Manager, Real Estate Income) discuss topics from the September edition of The Roundup: Top Takeaways from Oaktree's Quarterly Letters (https://www.oaktreecapital.com/insights/insight-commentary/market-commentary/the-roundup-top-takeaways-from-oaktrees-quarterly-letters-september-2023-edition) and explain what it means to be in a credit picker's market.

How have credit investors been successfully navigating the volatile interest rate environment? Which sectors currently look attractive to opportunistic credit investors? What are some of the major misconceptions about today's commercial real estate market? In this episode of The Insight: Conversations, Wayne Dahl (Assistant Portfolio Manager, Global Credit), Robert O'Leary (Portfolio Manager, Global Opportunities), and Mark Jacobs (Co-Portfolio Manager, Real Estate Income) discuss topics from the September edition of The Roundup: Top Takeaways from Oaktree's Quarterly Letters (https://www.oaktreecapital.com/insights/insight-commentary/market-commentary/the-roundup-top-takeaways-from-oaktrees-quarterly-letters-september-2023-edition) and explain what it means to be in a credit picker's market.

A special edition of Bloomberg Surveillance, live from the Bloomberg Global Credit Forum in London. Tom Keene, Jon Ferro and Lisa Abramowicz speak with James Zelter, co-president of Apollo Global Management. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: https://www.bloomberg.com/account/newsletters/surveillance See omnystudio.com/listener for privacy information.

Armen Panossian (Head of Performing Credit), Danielle Poli (Assistant Portfolio Manager, Global Credit), and Megan Messina (Head of CLO Capital Markets) discuss topics from the 2Q2023 Performing Credit Quarterly. They consider the current tug-of war between fiscal and monetary policy, opportunities in credit, and what many investors are getting wrong about today's CLO market.

Armen Panossian (Head of Performing Credit), Danielle Poli (Assistant Portfolio Manager, Global Credit), and Megan Messina (Head of CLO Capital Markets) discuss topics from the 2Q2023 Performing Credit Quarterly. They consider the current tug-of war between fiscal and monetary policy, opportunities in credit, and what many investors are getting wrong about today's CLO market.

The U.S. economy continues to send mixed messages – but that may be because the Biden administration's desire to keep the economy churning has clashed with the Federal Reserve's interest in throwing sand in the gears. In Oaktree's latest Performing Credit Quarterly, Armen Panossian (Head of Performing Credit) and Danielle Poli (Assistant Portfolio Manager, Global Credit) discuss the implications for investors, including why this tug-of-war may cause interest rates to remain higher for longer than many are anticipating.

Welcome to our special third episode that comes to you live from our Global Credit and Risk Symposium.  Join Yashi Yadav as she speaks with four business leaders about what is top of mind for them in this volatile financial market. These business leaders included Jacob Yahiayn, CEO of ULAS, Mayra Rodriguez Valladares, Managing Principal at MRV Associates, LLC., Carl Schecter, CEO of  Staunton, and Mark E. Jennings, Jr. Managing Director, Head of Capital Introductions of Bite Investments. This is an episode you do not want to miss.  

Mary Starkey is a SVP at Global Credit Union and has been an actress and director in the Spokane theater community for four decades. She has served on many boards and is the proud mother of two sons and grandmother to another rascally boy.________Guests share stories of adversity and perseverance which inspire, encourage and challenge us. Host Hara Allison embraces these tough conversations, intimately exploring our loves, fears and hopes with a delicious combination of depth and lightness. Beneath Your Beautiful won first place in Self Help and Health & Wellness in the 2022 International Positive Change Podcast Awards and 2023 Publisher Podcast Awards nominee in Health & Wellbeing.byb.li/podcast_applebyb.li/podcast_spotify To get in touch with Hara Allison:Magazine + Podcast: beneathyourbeautiful.orgPhotography: hara.photographyDesign: studioh-creative.com

This week on The Lebenthal Report we welcome Steven Friedman from MacKay Shields.  Steve is a Managing Director and Co-Head of Macro and Quantitative Solutions. He also serves as Senior Macroeconomist for the Global Credit and Global Fixed Income teams and Chair of their Investment Policy Committee.  Michael and Dominick talk about the Federal Reserve with Steve and touch upon many of our clients' burning questions about the current state of the economy.  Steve helps break down where we are in the economic cycle currently and what we may expect to be by the end of the year. Steve joined MacKay Shields from BNP Paribas Asset Management, where he served as a Senior Economist providing macroeconomic forecasts and scenario analysis for internal investment teams as an input into strategic and tactical asset allocation. Prior to that, Steve spent fifteen years at the Federal Reserve Bank of New York, where he held a variety of senior roles including Director of Market Analysis and Director of Foreign Exchange and Investments.  Steve received his BA from Wesleyan University and holds master's degrees from Johns Hopkins – School of Advanced International Studies and Columbia Business School. He has been in the investment industry since 1998. (newyorklifeinvestments.com).  This must listen episode is available on Voiceamerica.com, YouTube, Apple Podcasts and Spotify!  This material contains the opinions that are incorporated into portfolios managed by MacKay Shields Global Fixed Income and Global Credit teams. The opinions expressed herein are subject to change without notice. This material is distributed for informational purposes only. Forecasts, estimates, and opinions contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Any forward-looking statements speak only as of the date they are made and MacKay Shields assumes no duty and does not undertake to update forward-looking statements. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission of MacKay Shields LLC. ©2023, MacKay Shields LLC. All Rights Reserved.

Giving global credit for international signings feels fair, except … Hear award-winning columnist Dejan Kovacevic's Daily Shots of Steelers, Penguins and Pirates -- three separate podcasts -- every weekday morning on the DK Pittsburgh Sports podcasting network, available on all platforms: https://linktr.ee/dkpghsports Learn more about your ad choices. Visit megaphone.fm/adchoices

Giving global credit for international signings feels fair, except … Hear award-winning columnist Dejan Kovacevic's Daily Shots of Steelers, Penguins and Pirates -- three separate podcasts -- every weekday morning on the DK Pittsburgh Sports podcasting network, available on all platforms: https://linktr.ee/dkpghsports Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's edition of the Bloomberg podcast, Bloomberg Intelligence analysts discuss what will shape the outlook for investment strategies and industries in 2023: Global Credit -- Joel Levington is watching rising interest rates, fears of recession, lingering Covid and supply-demand imbalances. Copper -- Grant Sporre says the metal will be resilient but isn't recession-proof.European Industrials -- Omid Vaziri says demand could weaken if the economy deteriorates with rising rates and sustained inflation. Auto Parts Suppliers -- Kevin Tynan says materials shortages coupled with supply-chain disruption will keep costs elevated. Oilfield Services -- Scott Levine explains how the industry will ride flush balance sheets. The Bloomberg Intelligence radio show with Paul Sweeney and Alix Steel podcasts through Apple's iTunes, Spotify and Luminary. It broadcasts on Saturdays and Sundays at noon on Bloomberg's flagship station WBBR (1130 AM) in New York, 106.1 FM/1330 AM in Boston, 99.1 FM in Washington, 960 AM in the San Francisco area, channel 119 on SiriusXM, www.bloombergradio.com, and iPhone and Android mobile apps. Bloomberg Intelligence, the research arm of Bloomberg L.P., has more than 400 professionals who provide in-depth analysis on more than 2,000 companies and 135 industries while considering strategic, equity and credit perspectives. BI also provides interactive data from over 500 independent contributors. It is available exclusively for Bloomberg Terminal subscribers. Run {BI }. See omnystudio.com/listener for privacy information.

In this episode of Moody's Talks – Emerging Markets Decoded, Ariane Ortiz-Bollin of the Global Emerging Markets team joins host Scott Phillips to discuss the 2023 outlook for emerging market credit conditions, with a focus on governments, companies and banks.Related research:2023 Outlook - Negative credit conditions leave weaker debt issuers exposed

In this special episode to coincide with the publication of Moody's 2023 Global Credit Conditions Outlook, we discuss how persistent inflation, rising interest rates and slowing growth will cast a cloud over the borrowing environment next year. We look at the factors that make this turn in the credit cycle unique, and the likely path for corporate and sovereign defaults. We also examine why social challenges are a risk we are watching especially closely, and where there could be potential for positive economic surprises that would help stabilize credit conditions.Guests: Elena Duggar and Colin Ellis, Managing Directors for Credit Strategy at Moody's Investors Service.Host: Sarah Carlson, Senior Vice President – Sovereign Risk Group, Moody's Investors Service.To read more on this topic, visit The Big Picture page on Moodys.com (some content only available to registered users or subscribers).

In this episode of Purpose-Driven Wealth, your host, Mo Bina, and Doug Noland talk history and forecasts in light of today's global credit bubble. In the early 90s, Doug started the Credit Bubble Bulletin after extensively studying the changing financial system. At that time, Doug was wholly convinced that it was just a bubble. Today, he explains what society didn't learn in 1994, what inflationism is, why he's a solid proponent of capitalism, and why central banks don't genuinely want to control inflation. In this episode, Doug talks about: The evolution of the financial system Bubbles are mechanisms to destroy and redistribute wealth The merits of capitalism We have a lot of credit that's just financing the asset markets About the huge dependency on low interest rates and so much more! About Doug Noland:   In November 2016, Doug Noland ended his almost two-year sabbatical to join David McAlvany and McAlvany Wealth Management. He's at the stage of his career where he will only work with people that he trusts, respect, and admire. Doug couldn't be happier and was really excited with the unique new product they've put together—the MWM Tactical Short.   The period 1990 to 2015 was an invaluable 25-year experience learning and persevering as a “professional bear.” His lucky break came in late 1989 when he was hired by Gordon Ringoen to be the trader for his short-biased hedge fund in San Francisco.    Working as a short-side trader, analyst, and portfolio manager during the great nineties bull market – for one of the most brilliant individuals he's ever met – was exciting, demanding, and, in the end, a grueling and absolutely invaluable learning experience. Later in the nineties, Doug had stints at Fleckenstein Capital and East Shore Partners.    In January 1999, he began his 16-year run with PrudentBear (which concluded at the end of 2014), working as strategist and portfolio manager with David Tice in Dallas until the bear funds were sold in December 2008.   Follow Doug Noland on:   Website:          http://creditbubblebulletin.blogspot.com/ https://mwealthm.com/   Connect with Mo Bina on:   Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/   For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index      

Adopt Kewsong Lee's motto – think bigger, move faster, perform better – and you'll be primed for success in whatever leadership position you're in. But how this CEO of  private equity firm Carlyle Group puts that motto into motion is what's made Kew one of the world's savviest business leaders. In this episode, we'll talk with him about embracing change, essential traits of successful leaders, and why having an authentic ESG mindset is not just good for the world but also good for business. Kew's 30-plus-year career is rife with successes, but his mistakes and failures taught him the most. We'll talk about it all, as well as the transformation of the private equity industry—and how to be on the forefront of that change.     If you like this episode, you might also enjoy these other Redefiner conversations:          From Corruption to Transformation: The Rebirth of a Global Conglomerate with Joe Kaeser How to Lead Like a Legend with Samuel Tsien Leadership  Reimagined: Transformation Tips from Jim Hagemann Snabe   BIO:Kewsong Lee - Chief Executive Officer of Carlyle  Kewsong Lee is the Chief Executive Officer of Carlyle and was elected to the Board of Directors effective January 1, 2018. Mr. Lee joined Carlyle in 2013 as Deputy Chief Investment Officer for Corporate Private Equity and in 2016 he assumed the additional role of leading the Global Credit segment.   Prior to joining Carlyle, Mr. Lee was a partner and a member of the Executive Management Group at Warburg Pincus, where he spent 21 years. He is currently the President of Lincoln Center Theater, Chairman of the US Chamber of Commerce China Center Advisory Board, and Vice Chair for the Partnership for New York City. He also is a member of the Business Roundtable, serves on the board of the US China Business Council and FCLT Global, and is a Trustee of the Center for Strategic and International Studies.   Mr. Lee earned his AB in applied mathematics in economics at Harvard College and his MBA from Harvard Business School. 

Cathie Wood, CEO of Ark Invest, discusses her strategy for investing in China, as well as her thoughts on Tesla. Bloomberg Businessweek Editor Joel Weber shares the details of the Businessweek Magazine story Retrofitting Buildings Is the Unsexy Climate Fix the World Needs. Mark Jenkins, Head of Global Credit at Carlyle Group, shares his outlook for the credit markets. Kate Barton, EY's Global Vice Chair of Tax, talks about the proposed OECD global tax deal. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com