Private credit default rates will climb, Morgan Stanley warns
We never like to hear the words “Covid peak levels.”
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We never like to hear the words “Covid peak levels.”
Banks face billions of dollars in troubled office and CRE loans as maturities loom.
But they maintain a positive outlook on consumer spending and borrowing.
Short answer: The sky isn’t falling…probably.
“I probably shouldn’t say this, but when you see one cockroach, there are probably more,” JPMorgan CEO Jamie Dimon said.
Moody’s was the last of the three major credit rating agencies to downgrade the US.
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