Sequels oft disappoint. Just how will the world change after Jan 20th 2025? Maybe not the way we expect. Meanwhile, the global Alternatives markets are becoming increasingly frothy as the big firms bid up for market expertise and scale. Does that suggest they might be missing something?

Markets are watching Commercial Real Estate, nervous the sector may implode and create a repeat of the 2008 repeat financial crisis. Smarter investors see weak property markets as opportunity – and are looking for the right assets.

 The Bank of England is worried about Private Credit Markets – good to know they’ve heard of it! Their concerns are valid, but it’s a market very different to banking and doesn’t share the same systemic risk triggers. Its full of opportunity!

The current crisis (?) is another step in banking’s progress towards an evolutionary dead end. The future doesn’t need banks. It will need smart risk takers, and new ways to originate and distribute risk.. an opportunity for banks clever enough to evolve!

There is general sense “something wicked this way comes” towards current priced for perfection markets, but trying to define the exact N0-see-um likely to trigger a market correction or meltdown is a notoriously pointless game. However, there are plenty of ways to prepare for whatever comes next….

The outlook for the UK looks rosier as pubs reopen, vaccinations beat targets, and the economy grows. But, how should investors be looking at markets when financial assets already look overpriced, and there are clear bubble risks ahead? It’s a matter of staying calm, reading the runes and understanding the markets new mindset!