the 私債 market in the United States

the 私債 market in the United States

In the past, there was a notorious 私債 market in Korea, and even among the companies belonging to the chaebol group, there were many cases where they relied on the 私債 market to survive

In terms of the stage of financial development, it is not surprising that Korea, which was a financial underdeveloped country in the past, has a very high interest rate and a very short-term 私債 market

Surprisingly, even in the United States, a financially advanced country, there is not the same 私債 market as Korea's 私債 market in the past, but the interest rate is very high and the repayment period is relatively short, so from the perspective of companies that borrow funds, there is not only a private credit market that provides funds with poor conditions compared to bank loans

According to a CNBC report in the U.S., the scale has been around $250 billion over the past decade
It has ballooned to 1.5 兆 dollars, more than five times higher

Given that most smaller companies are using the 私債 market, a small impact on the financial market will likely hit many vulnerable small and medium-sized enterprises in the United States head-on

It's also one of the reasons I personally think the real economy of the United States is not as strong as the US government claims