Bloomberg Surveillance

Bloomberg Surveillance TV: January 9, 2025

15 snips
Jan 9, 2025
Jim Zelter, co-president at Apollo Asset Management, shares expert insights on the evolving U.S. economic landscape compared to Europe. He discusses the impact of rising interest rates on private credit as a savvy investment approach. Zelter also dives into labor market shifts, highlighting the growth of healthcare jobs versus a decline in manufacturing. Additionally, he examines how political dynamics in Washington are shaping market trends as 2025 unfolds.
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INSIGHT

Private Credit Opportunities

  • Jim Zelter and Apollo Asset Management see opportunities outside of equities.
  • They believe private credit is attractive if interest rates remain high, offering an alternative to overvalued public equities.
INSIGHT

US Economy and Private Capital

  • The US economy is a beacon of opportunity with strong growth and global capital inflow.
  • Private capital has fueled US growth, offering diverse funding for companies.
INSIGHT

Europe vs. US Financial Systems

  • Europe's financing system lags behind North America, hindering its growth.
  • The US stands out with its robust financial services sector and deep capital markets.
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