What's the single most important risk investors must understand heading into 2026?
Host
Danielle DiMartino Booth
We should not forget what happened at the December 2018 FOMC meeting when Powell stood pat and junk bonds stopped being sold
Danielle DiMartino Booth
Follow junk bond issuance to track odds of big accident happening in market - trigger was illiquidity in bond market
This credit market telling us that recession is already started - if they admit it or not
Host
Danielle DiMartino Booth
Bankruptcies running at 15-year high according to S&P - something is clearly breaking
Danielle DiMartino Booth
Two huge private equity shops holding same loan with 20 cent differential in bond valuation - raises questions about actual value of private credit