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Bloomberg Surveillance

Bloomberg Surveillance TV: September 25, 2024

Sep 25, 2024
Lisa Coleman, Head of Global Investment Grade Credit at JPMorgan, warns of potential deeper layoffs as economic activity cools. Alvaro Pereira, Chief Economist at the OECD, forecasts a growth resurgence in Europe next year, buoyed by rising wages. Danielle Hale, Chief Economist at realtor.com, discusses the housing market's excitement, noting a refinancing boom driven by falling mortgage rates. The interplay of these insights paints a complex view of current economic dynamics and prospects.
21:53

Podcast summary created with Snipd AI

Quick takeaways

  • Lisa Coleman warns that a slowdown in economic activity could lead to deeper layoffs, particularly affecting sectors like technology.
  • Alvaro Pereira anticipates an economic recovery in Europe next year, driven by rising wages and infrastructure investments despite current challenges.

Deep dives

Direct Lending Growth in Private Capital

Direct lending has emerged as a significant source of capital in the private alternative market, facilitating growth for corporate borrowers and financial sponsors alike. This increase can be attributed to the strong demand for private capital, as businesses seek to sustain their expansion during fluctuating economic conditions. Financial sponsors are particularly reliant on this influx, leveraging direct lending to continue their growth trajectories despite broader market pressures. As the landscape evolves, the implications of direct lending on overall market dynamics and corporate financing strategies become increasingly relevant.

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