The Credit Edge by Bloomberg Intelligence Crescent Sees Credit Holding Firm Amid Trade War Storm
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Feb 6, 2025 Chris Wright, President of Crescent Capital Group, shares his expertise on credit markets and economic trends. He discusses the resilience of corporate debt amidst volatility from trade wars and the new US administration's pro-growth policies. Wright emphasizes low default rates and consumer confidence while addressing inflation and tariff negotiations as strategic moves. The conversation also highlights the rise of private credit in the middle market and its importance as a player in capital formation amid an evolving economic landscape.
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Credit Market Stability
- Corporate debt is well-positioned to handle global market volatility.
- Pro-growth policies and a business-friendly administration contribute to market stability.
Tariff Perception
- The market understands the current business-friendly environment.
- Tariffs are viewed as a negotiating tactic rather than a definitive policy.
Consumer Adjustment & Inflation
- Consumers may initially trade down to offset higher prices from tariffs.
- It's unlikely that inflation will spiral out of control under the current administration.