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Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Apr 22, 2019

Andrew Park is a senior editor at S&P LCD and is one of the foremost experts on collateralized loan obligations and the leverage loan market. Andrew also writes daily on what’s going on in the collateralized loan obligations (CLO) market and his data is the basis for most of the reporting on this topic in the Wall Street Journal, Financial Times, and by many policymakers. He joins the show today to talk about CLOs and their implications for the financial system and, more generally, the economy. David and Andrew also discuss the leveraged loan market, the differences between CDOs and CLOs, and the Fed’s most recent rate hikes.


Transcript for the episode:


Andrew’s Twitter: @apark_

Andrew’s Forbes profile & archive:


Related Links:


*Wall Street’s Billionaire Machine, Where Almost Everyone Gets Rich* by Tom Metcalf, Tom Maloney, Sally Bakewell, and Christopher Cannon


*U.S. Leveraged Loan Market: Plenty of Risk, But Not Systemic* by Beth MacLean


David’s blog:
David’s Twitter: @DavidBeckworth