APOLLO GLOBAL MANAGEMENT, INC. 
"Labor market indicators suggest that things will continue to weaken," said Torsten Slok, chief economist at Apollo Global Management. He pointed out that delinquency rates on credit cards and auto loans are rising, as are default rates for high-yield loans, and noted a slowdown in bank lending. He concluded by saying that the Federal Reserve's actions to control inflation could also lead to a slowdown in earnings.
(MT Newswires)
