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[nimblebear]

"We are in the middle of an epic credit bubble, in my opinion, the likes of which I haven't seen in my career in private equity," Joseph Baratta, The Blackstone Group's global head of private equity, said Thursday night at the Dow Jones Private Equity Analyst Conference in New York City. "The cost of a high yield bond on an absolute coupon basis is as low as it's ever been."

BUT, he is bullish on the US economy !


http://www.cnbc.com/id/101067072

P.S. obviously private equity is the place to be, if you have the means.