Goldman Sachs' Salisbury on EM, Recession, Banks, Private Credit

The video discusses market valuations amidst recession fears, highlighting sector performance disparities. It explores international opportunities, focusing on Asia and Europe, and the impact of geopolitics on capital allocation. The discussion covers recession risks, the US banking system's stability, and the implications of the First Republic sale. It analyzes money market fund flows and the growing demand for private credit. The video concludes with insights on geopolitical risks and an economic outlook for 2024, emphasizing fixed income and private market opportunities.

How has the recent sale of First Republic to JP Morgan impacted the banking system?

What is the current demand for private credit and what factors are driving it?

What are the geopolitical risks affecting investment decisions today?