Fixed + Floating - The Credit Podcast

Credit podcast for institutional investors. Forensic conversations on HY, Private Debt & Distressed with leading voices in finance. Hosted by PM@lit_like_lehman

[Fixed + Floating - The Credit Podcast @FixedFloating]

Will AI be a tool for workers or will it replace them? This fundamental question reshapes the total addressable market for AI. A tool creates a smaller market than AI that replaces people. #AI #BusinessStrategy #Damodaran #Fixedfloating

[Fixed + Floating - The Credit Podcast @FixedFloating]

@AswathDamodaran https://t.co/zFmqCPkS6d

[Fixed + Floating - The Credit Podcast @FixedFloating]

The AI build-out is arithmetically capped. Global public revenues are $142T, with employee expenses at $25T. @AswathDamodaran joined Fixed + Floating to explain why private credit is playing a dangerous game financing this delusion. Full link below👇

[Fixed + Floating - The Credit Podcast @FixedFloating]

https://t.co/b7bAlrwshC

[Fixed + Floating - The Credit Podcast @FixedFloating]

https://t.co/jmupZ8CP9h

[Fixed + Floating - The Credit Podcast @FixedFloating]

@AswathDamodaran“Who are these lunatics lending to the data centers?”
New Fixed + Floating ep — the AI big market delusion
▶️ https://t.co/b7bAlrx07a
🎧 https://t.co/xX9zJN3w7n
📖 [Substack]

[Fixed + Floating - The Credit Podcast @FixedFloating]

Chinese cars are making serious inroads into Europe, with figures showing 10% of new registrations in Europe and over 15% in the UK. This surge is driven by significant price advantages, sometimes up to 100% cheaper than Western OEMs. #ElectricVehicles #GlobalMarket #AutoIndustry

[Fixed + Floating - The Credit Podcast @FixedFloating]

https://t.co/d1Hs2HkRTu

[Fixed + Floating - The Credit Podcast @FixedFloating]

European auto suppliers look “stabilised” on paper. In reality, many CEOs fear their company won’t exist in 10 years.
Daniel Steiner and Dr. Hendrik Hauke unpack the distressed plateau in the new @FixedFloating episode

[Fixed + Floating - The Credit Podcast @FixedFloating]

https://t.co/S62P6I3Q9X

[Fixed + Floating - The Credit Podcast @FixedFloating]

https://t.co/ul9Anprrtq

[Fixed + Floating - The Credit Podcast @FixedFloating]

China's development is booming due to lower labor costs (3x cheaper than Europe) and increased flexibility. This makes production more competitive, especially with current energy costs. #ChinaManufacturing #GlobalBusiness

[Fixed + Floating - The Credit Podcast @FixedFloating]

Cement plants are strategic infrastructure with strong value retention, unlike window factories. Their essential nature and scarce resources ensure enduring worth. #Infrastructure #ValueInvesting

[Fixed + Floating - The Credit Podcast @FixedFloating]

Data center spending surpassed traditional office spending in Jan 2026, but they only represent 12% of non-residential construction <3% of total construction. Thus, they aren't directionally game-changing for heaviside building products. #Construction #DataCenters #RealEstate

[Fixed + Floating - The Credit Podcast @FixedFloating]

-> New Episode
The US housing cycle is key to building products. Expect less bankruptcies and more LME drop-downs & maturity wall engineering. For many companies, the real risk lies in capital structure, not housing starts. #USHousing #HighYield

[Fixed + Floating - The Credit Podcast @FixedFloating]

Banks price deals on capital relief, not risk. Investors, however, focus on the risk taken and the return for it. Extensive analysis is key for investors to assess portfolios and underlying assets. #Finance #Investing

[Fixed + Floating - The Credit Podcast @FixedFloating]

AT1s are binary: clip a coupon or get zero if things break. SRTs, however, track actual underlying portfolio risk. In a volatile market, SRTs have maintained steady performance while other options swing wildly. #SRT #CreditMarkets #AT1

[Fixed + Floating - The Credit Podcast @FixedFloating]

How do banks get ~75% capital relief on loan portfolios? By buying protection on the first-loss piece (SRTs). But is this just balance sheet cleanup or the new engine of credit origination? 🎙️ New Fixed + Floating with Frank Benhamou! Links below 👇 #SRT #CreditMarkets

[Fixed + Floating - The Credit Podcast @FixedFloating]

Creative deal-making circumvents J Crew blockers and other restrictions. This evolution shows how legal minds find documentation loopholes to achieve desired transactions, like the 'Flight or Transaction' to bypass asset transfer rules. #LegalTech #DealMaking

[Fixed + Floating - The Credit Podcast @FixedFloating]

Software companies' flexibility can be a lender's vulnerability. Without strong covenants, a borrower's first sign of stress might be the only warning before default. Lenders must often wait and see. #Finance #Lending #RiskManagement