Is the US economy a mess? With markets feeling noisy and uncertain, this conversation with Nehemiah Richardson offers a perspective on where the real risks sit — and where they don’t.
In the face of unprecedented social and geo-political unrest, just how unstable is the US economy? Are the AI megacaps papering over the cracks of a weakening middle class?
Today’s episode is with Nehemiah Richardson, CEO of Private Credit at Pengana. We discuss the political climate and assess the real outcomes of Trump’s administration.
Talking points:
- How healthy is the US consumer right now?
- What can we expect to see from the Trump administration heading into the mid-terms?
- What impact have the tariffs had on businesses in the US?
- Why the current environment is making portfolio construction tricky
- What is the difference between investment grade and non investment grade credit?
- What role does fixed income play in a portfolio?
- How does a professional investor choose what to invest in within private credit?
- What questions does a professional private credit investor ask his fund managers?
- Has the two speed economy in the US changed where professionals are allocating capital to in private credit?
- A checklist for selecting private credit managers here in Australia.
- What is the impact on private credit portfolios if the RBA increases interest rates
- What is the difference between TermPlus, PCX the listed investment trust and Pengana’s private credit fund?
- Why every leader should read Mindset by Carol Dweck
