The $1.7 trillion private credit market has delayed a US recession, according to Tony Dwyer, Canaccord Genuity chief market strategist.
AdvertisementAn economic recession has been delayed, but not averted amid ongoing weakness in the manufacturing sector, according to Cannacord Genuity chief market strategist Tony Dwyer.
But I really think it's the private credit market that has help up companies that would have ordinarily not had access to capital.
The private credit market has soared over the past decade as investors reached for yield amid a prolonged period of near-zero interest rates, with less than $300 billion invested in private credit in 2009.
And for the first time in history, we have private credit," Dwyer said.
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