Here's your summary from Bloomberg Invest: Katie Koch on the credit cycle (https://www.youtube.com/watch?v=0t337xTGROg) on the Bloomberg Television channel:

**TLDR:** The credit cycle is mature, challenges are expected ahead in both public and private markets, and markets are too complacent.

1. The credit cycle is mature, with challenges expected in both public and private markets.

2. Markets are too complacent, with record tights on credit spreads not reflective of real economic challenges.

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