2020-04-01 Bloomberg Markets Magazine

(Jacob Rumans) #1

Contents


COVER ARTWORK BY
ARMANDO VEVE

70


A Private Moment


Storm Shelter
64


58


Punishing Polluters


Giving Credit
52


48


American Risk


The Next Disruption
15


Owl Rock Capital co-founder Marc Lipschultz discusses the direct-lending model
By Kelsey Butler

Barbadian Prime Minister Mia Mottley is negotiating debt contracts that would
give the island some respite if natural disaster strikes
By Ezra Fieser

Knut Kjaer ran Norway’s oil fund. Now he’s trying to use credit markets
to clean up the planet
By Charles Daly

Data depict the state of credit markets around the world
By Shannon Harrington

Nuveen’s John Miller, who helped build the high-yield municipal debt market,
is optimistic it can bounce back
By Danielle Moran and Amanda Albright

Covid-19 looks set to inaugurate a turbulent political and economic era
By Pankaj Mishra

Olga Jones, a former World Bank economist, describes her reservations about
bonds designed to fund emergency health-care needs
By Tracy Alloway

Do Pandemic


(^11) Bonds Work?
“For this issue,
I developed an
atmospheric
representation
of credit,
which can be
to provide
a visual that’s
spectacular
and energizing,
yet potentially
catastrophic.”
empowering
but can also lead
to ruin. A meteor
shower raining
over a fragile
ecosystem seemed
VOLUME 29
ISSUE 2


APRIL / MAY 2020 The Credit I ssue
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