REFI Global Debt Webinar Series

Speakers

Key learning points:

All the panelists were in agreement that liquidity is much more prevalent in the market compared the last financial crisis. 

Arron Taggart said the last crisis was driven by overleverage and this one is not driven by undermanagement, instead morality is guiding the lack of distress in the market. 

Ludo Mackenzie agreed, citing a gradual rise in non-bank lenders really buoying a lack of distress because of increased competition, except in the retail markets of course.

Mariah Goroh sees distress in the subsector of retail that relies on those being in the office, like pubs and convenience food, becoming a potential issue, with social and student housing in the UK and logistics in Portugal offering better avenues for investor success.

Matthew Crowther thinks a big correction in regional offices around Europe could occur. All four also agreed that a recovery is likely this year, with a lack of structural elements creating a shallower recession that we experienced between 2009-2011.

MacKenzie predicted a renaissance, citing the stock market’s best ever consecutive 2-year run following the last pandemic as a beacon of hope for the period post-Covid.