Gundlach compares private credit market to the Wild West #shorts #privatecredit #creditmarkets

I've been saying this is not just about private credit. This is something that is a is uh endemic to to market cycles. This happened in the IPO of dotcoms back in the late 90s.They had no remember they had no revenue, no business plan and they were selling for large prices. >> And then of course in the uh leadup to the global financial crisis, >> you had the mortgage market. The non-g guaranteed mortgage market exploded in size to about where the private credit market is today.a little less actually for tho ...