These Two Things May Be The Drivers Of The Next Recession: Angelo Gordon

One of the main causes of the last major recession is generally concerned to be the subprime mortgage crisis, and since then, government officials have taken steps to keep that from happening again. However, while banks are being more careful about consumer debt, two other areas of credit may be ballooning into dangerous territory, according to one well-known credit hedge fund. Q1 hedge fund letters, conference, scoops etc Consumer debt may be more resilient In a paper entitled “Beyond the Headlines II: The Ongoing Case for the U.S. Consumer,” the Angelo Gordon team followed up on a paper they published…