AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Insight by Oaktree Capital
Performing Credit Quarterly 4Q2023: The Goldilocks Trap
Jan 30, 2024
Head of Performing Credit and Assistant Portfolio Manager discuss the risks and opportunities of 'Goldilocks thinking' prevalent in today's markets. Topics covered include the caution towards prevailing market narratives, impact of declining interest rates, populism and economic protectionism, credit card debt and future economic scenarios, risks and opportunities in commercial real estate and high-yield bonds, European bond issuance and CLO performance.
44:12
Episode guests
AI Summary
Highlights
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The prevailing market narrative expects the US economy to be neither too hot nor too cold, caution is advised as this thinking appears to be reflected in today's asset prices.
- Declining and ultra-low interest rates have been a significant market tailwind, however, this trend may reverse as banks face legacy issues and interest rates rise.
Deep dives
The Goldilocks trap of an overly optimistic market narrative
The prevailing market narrative for 2023 expects the US economy to be neither too hot nor too cold, and the Federal Reserve to cut interest rates without a recession. However, caution is advised as this thinking appears to be reflected in today's asset prices.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode