Burning Issues: PE's Dry Powder, Art's Bleak Picture & China Credit Stress

The video discusses the concept of 'dry powder' in private equity, highlighting its potential as both an opportunity and a competitive threat due to high valuations. It then shifts focus to the Asian art market, detailing the disruptions caused by COVID-19, including the cancellation of major events and the impact on Chinese collectors. Finally, it examines the risks of default in Chinese companies, emphasizing the significant amount of stressed debt and the potential need for state intervention.

Discuss the implications of the competitive threat posed by private equity firms to JP Morgan.

What are the potential consequences of the maturity wall in China's debt situation?