Bloomberg Surveillance Bloomberg Surveillance TV: January 9, 2025
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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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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.
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.
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.