Market / General
Memos from Howard Marks: The Pendulum in International Affairs

Howard Marks discusses how the shift of onshoring will likely create risk for investors, but also opportunities.

03.23.2022

Co-Chairman of Oaktree Capital Howard Marks’s latest memo connects two seemingly unrelated trends – Europe’s energy dependence and U.S. offshoring – to explain why the pendulum of companies’ and countries’ behavior may be swinging away from globalization and toward onshoring.