The broader markets are saying we're good to go, but if you look at some individual pockets of the market, for example, bank stocks have incredibly low valuations. 50% of all us debt is maturing in the next three years and that debt is financed at a 1.78% yield right now 30% of all corporate debt, including leverage loans are maturing inthe next three years. You know, there certainly is an undercurrent within the markets and in the debt markets relative to what we think are some challenges coming forward in 2024 and 2025 with respect to the impact of higher rates.
Bloomberg News Wall Street Reporter Sonali Basak talks about her interviews with Boaz Weinstein, Ida Liu and David Rubenstein about the next big risk for investors. Carvana CEO Ernie Garcia discusses restructuring debt and selling stock in a comeback attempt for the used-car retailer. Laura Rea Dickey, CEO of Dickey’s Barbecue Pit, talks about the business of barbecue. Brad Dillman, Chief Economist at Cortland, shares his thoughts on US housing. And we Drive to the Close with Jon Baranko, CIO of Fundamental Investments at Allspring Global Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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