23 min listen
Tighter Money Inflicts Pain; Big Tech’s a Winner
Tighter Money Inflicts Pain; Big Tech’s a Winner
ratings:
Length:
25 minutes
Released:
May 4, 2023
Format:
Podcast episode
Description
Credit markets are cracking up as liquidity evaporates, according to Jill Shah, who covers leveraged finance for Bloomberg News in New York. Small businesses are struggling to borrow, distressed debt has surged, defaults are ticking up, banks have tightened lending standards and bankruptcies are on the rise, particularly in construction and retail. In this episode of the Credit Edge Podcast, Bloomberg News senior editor James Crombie asks whether this is all bad for the US economy. Bloomberg Intelligence credit analyst Robert Schiffman, meanwhile, says he’s never been more bullish about the technology sector, despite all the fundamental headwinds. First-quarter earnings are showing signs of a turnaround, the biggest companies are generating a lot of excess cash and the outlook for investors is bright, Schiffman says.See omnystudio.com/listener for privacy information.
Released:
May 4, 2023
Format:
Podcast episode
Titles in the series (53)
Private Credit Booming With M&A Deals by The Credit Edge by Bloomberg Intelligence