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Bloomberg Surveillance

Bloomberg Surveillance TV: January 9, 2025

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.
25:24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Private credit is increasingly seen as a viable investment alternative amid high interest rates, showcasing the U.S. economy's resilience compared to lagging European markets.
  • A significant slowdown in the labor market signals reduced worker mobility and leverage, impacting small businesses amidst tighter financial conditions.

Deep dives

The Role of Private Credit in Investment Strategy

Private credit is becoming an attractive alternative for investors as interest rates remain high. Experts highlight that the U.S. economy has maintained its position as a beacon of opportunity, attracting global capital while European markets lag behind due to outdated financing systems. The discussion emphasizes embracing private capital as a critical component for U.S. economic growth, contrasting it with the structural challenges faced by companies in the UK and Europe. The strength of the U.S. market is underscored by its extensive financial services sector and the increasing preference for private credit solutions.

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