Here's your summary from Don't Expect Credit 'Blowup': Contopoulos (https://www.youtube.com/watch?v=dTT-ky9ntls) on the Bloomberg Television channel:

**TLDR:** The Fed is not restrictive, the economy is healthy, and defaults are expected to remain low in the credit market.

1. The Fed is not currently restrictive, as indicated by the performance of Bitcoin, meme stocks, equity markets, credit spreads, and the housing market.

2. The economy is healthy and able to absorb rate hikes well, with no imminent catastrophe or blow up expected.

3. Defaults in the credit market are expected to remain low due to issuers pushing out maturities, refinancing at low rates, and utilizing secured bonds to avoid bankruptcy.

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