Since mid-2007, the European securitization primary markets have been living in a state of suspended animation.
The availability of attractive financing terms through the Central Banks relative to that offered in the market caused companies to stop issuing in the primary market, delaying its orderly recovery.
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Bergman sees record-pace changes in capital markets, as reforms fuel securitization growth.
The latest round of global capital rules, known as Basel III endgame, is expected to make a whole slew of loans more expensive for banks to hang onto, so the lenders are bundling more auto loans, and other kinds of debt into asset-backed securities.
Junk bond sales are falling at an unprecedented rate globally as interest rates rise, a double blow to riskier companies in need of financing in the next few years.
"We're in a period of global gloom, with pessimism blanketing different countries for different reasons," said Ed Yardeni, president of his eponymous research firm.
Russia’s invasion has sent commodity prices flying, adding to inflation expectations after the U.S. posted the highest consumer-price gains in 40 years last month.
