Ares' Deveer Isn't Seeing Dimon's 'Cracks' in Credit Yet

The video discusses the current state of private capital credit markets, noting that while defaults are expected to rise due to increased rates and a tougher debt service environment, the current default rate is still below historical averages. The speaker aligns with Jamie Dimon's prediction of potential difficulties in the next 6 to 9 months but does not foresee an extraordinary default cycle. The discussion includes a comparison of current default rates with historical data, suggesting a trend towards historical averages without exceeding them significantly.

What is the current state of the private capital credit markets according to the speaker?

• The market is booming with no issues.

• The market is in a state of collapse.

• No significant cracks are visible yet.

• There are significant cracks visible.

What does the speaker predict for the next 6 to 9 months in the credit markets?

• No changes expected.

• A period of stability and growth.

• A potential increase in market difficulties.

• A complete market recovery.

What factors are expected to lead to an increase in defaults?

• Government intervention.

• Improved economic conditions.

• A tougher debt service environment and rising rates.

• Decreasing interest rates.

How does the current default rate compare to historical averages?

• It is significantly above historical averages.

• It is unpredictable.

• It is well below historical averages.

• It matches historical averages.

What does the speaker predict about future default rates?

• They will decrease further.

• They will exceed historical averages significantly.

• They will trend towards historical averages.

• They will remain below historical averages.