Jun.03 — Scott Minerd, chief investment officer at Guggenheim Investments, discusses the impact of the Federal Reserve’s efforts to stabilize the U.S. economy on credit markets, corporate debt, and defaults. He speaks with Bloomberg’s Sonali Basak on “Bloomberg Markets.”
New York Times’ bestselling author, former M&A investment banker, and long-time financial journalist, William Cohan, joins Ed Harrison to discuss the perilous state of U.S. credit markets, quantitative easing, junk bonds, and the ever-expanding pool of global debt. Predicated on the idea that persistently low interest rates have fueled distortions in the pricing of risk, Cohan argues that Wall Street has been developing a dangerous dependency that won’t end profitably for the majority of investors. Filmed on January 7, 2020, in New York.