Money Isn't Free Anymore

The video discusses the shift from a period of low interest rates and easy money to a more challenging economic environment with higher inflation and tighter credit conditions. It highlights the impact on mergers and acquisitions (M&A) and the need to address inflation. The video also examines credit spreads and suggests that opportunities may exist in the non-investment grade market.

What characterized the economic environment of the past that made deal-making easier?

• Limited access to capital

• Low interest rates and minimal inflation

• High interest rates and high inflation

• Strict regulations and high taxes

What is a major economic challenge mentioned that needs to be addressed?

• Falling stock prices

• Decreasing credit spreads

• Rising inflation

• Increasing interest rates

How has the change in credit conditions affected deal flow?

• It has made deals more profitable

• It has increased the number of deals

• It has had no impact on deals

• It has cut into the record deal flow

What is the current perception of credit spreads in the market?

• They are irrelevant

• They are just right

• They are too expensive

• They are too cheap

Where are the best opportunities currently found according to the transcript?

• In the investment grade market

• In the technology sector

• In the non-investment grade market

• In the real estate market