This podcast episode delves into the complexities of the US credit market amidst a slowing economic landscape, as Andrew Sheets from Morgan Stanley highlights the resilience of corporate balance sheets and the expectation of controlled growth. Despite anticipated challenges due to higher borrowing costs and a modest slowing of growth to 2% by mid-2024, the episode emphasizes that tight credit spreads are not indicative of exuberance, but rather a reflection of solid fundamentals and cautious corporate behavior in borrowing, which suggests a stable outlook overall.
