Market
Memos from Howard Marks: Mr. Market MiscalculatesHoward Marks writes that the investment world may be experiencing the third major sea change of the last 50 years.
Events in recent years – especially the spike in inflation and the Federal Reserve’s response – appear to have caused a reversal of the market conditions that prevailed after the Global Financial Crisis and for much of the last four decades. Howard Marks, Co-Chairman of Oaktree Capital, discusses what this potential new era could mean for lenders, especially bargain hunters.
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