Submitted by Michael Krieger of Liberty Blitzkrieg
We are in the middle of an epic credit bubble, in my opinion, the likes of which I haven’t seen in my career in private equity.
- Joseph Baratta, Global Head of Private Equity at the Blackstone Group
According to CNBC, the above statement was made this past Thursday at the Dow Jones Private Equity Analyst Conference in New York City. While I certainly can’t disagree with his sentiments, I do find it a bit bizarre coming from someone so high up at Blackstone. More than any other firm…
Read the rest here.