Blackstone’s Private Equity Head Warns: “We Are In The Middle Of An Epic Credit Bubble”!

• Blackstone’s Private Equity Head Warns: “We Are In The Middle Of An Epic Credit Bubble”! 
  by Tyler Durden, www.zerohedge.com
  Blackstone Group have arguably been at the center of inflating the new echo bubble in real estate by bidding (all cash) for property across the US. So it is somewhat ironic that just two months after we noted that “the smartest money is selling,” the head of Blackstone’s Private Equity Group had the following words for an audience at a Dow Jones Equity conference in New York:
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  “We are in the middle of an epic credit bubble, in my opinion, the likes of which I haven’t seen in my career in private equity.”
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  Joseph Baratta had plenty more to say including “the good times are not going to last forever,” and “we are not leveraging US GDP,” as he expects a ‘mean reversion’ in multiples and “that largesse goes to the seller.”
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  read more!

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