Guggenheim's Minerd Sees 'Cracks' Appearing in Credit

The transcript discusses the current state of credit allocation, highlighting the potential impact of a recession on credit spreads. It compares the financial health of public companies with private equity firms, noting that private firms may be more financially extended. The conversation also touches on specific cases like Carvana, where bond values have significantly dropped, indicating potential issues in the credit market. Finally, it suggests that the current environment presents a good opportunity for investing in treasuries.

What are the implications of a recession on credit spreads according to the text?

How do public companies' cash flow coverage compare to that of private equity firms?

What specific example is given in the text to illustrate issues in the credit market?

What concerns are raised about the credit world in the text?

What does the speaker suggest about the current time for investing in treasuries?