Blackstone’s Private Equity Head Warns: “We Are In The Middle Of An Epic Credit Bubble” | Zero Hedge.
Blackstone Group have arguably been at the center of inflating the new echo bubble in real estate by bidding (all cash) for property across the US. So it is somewhat ironic that just two months after we noted that “the smartest money is selling,” the head of Blackstone’s Private Equity Group had the following words for an audience at a Dow Jones Equity conference in New York:
“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 had plenty more to say including “the good times are not going to last forever,” and “we are not leveraging US GDP,” as he expects a ‘mean reversion’ in multiples and “that largesse goes to the seller.”
The U.S. is “in the middle of an epic credit bubble,” according to Blackstone Group’s global head of private equity, Joseph Baratta , and that bubble is affecting how one of the world’s largest private equity firm’s invests its billions….
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- Blackstone Announces Third Quarter 2013 Media Call (fool.com)
- Blackstone Argues We’re In an Epic Credit Bubble (krdf.wordpress.com)
- Blackstone Says Private Equity Good Times Just Starting – Bloomberg (bloomberg.com)
