Dec 9, 2020
In this episode, we catch up with Larry McDonald, former Lehman Brothers bond trader and current proprietor of the Bear Traps Report. We discuss the shifting market landscape that could see a handoff from the government to the private sector as the world recovers from the coronavirus epidemic. A bigger debate concerns whether the world’s infrastructure has the capacity to accommodate a post-COVID recovery, especially meeting near-term energy demands in the face of declining output. And as payment moratoriums roll-off by year-end, will financial pressures across commercial real estate weigh down the broader credit markets?