The U.S. economy doesn’t need any rate cuts, billionaire investor and Oaktree Capital’s co-chairman Howard Marks told CNBC, predicting there won’t be a recession for another two years.
• CNBC Transcript: Howard Marks, Co-founder and Co-chairman of Oaktree Capital Management https://cnb.cx/2AzzMwW
• US economy doesn’t need any rate cuts, says billionaire investor Howard Marks https://cnb.cx/2AweRuH
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When will the US enter recession? Leave your prediction below.👇
2023
December 2018. Nobody ever really explained the precipitous drop in the market and the Powell pivot in January. Now the REPO rates are blowing up. Something is blowing up that they are not talking about. We have arrived my friend. Only a matter of time before the lay offs accelerate.
@A. Ali Good point. It never really ended.
@creativebobbo this is what iv been thinking. I think we will have a huge drope this year
3rd quarter 2020.
we’re not biggest fans of howard “skid” -marks.
@keimo2007 What did he steal and how did he steal it?
@ClearOutSamskaras it’s a long story, but he stole company called “pulse electronics” from it’s shareholders. that’s why we believe he’s scam-artist & thief.
@keimo2007 Thank you for the reply, and the caveat that this is not a simple story. If I have time, I’ll have to see what I can find out about Pulse Electronics.
@ClearOutSamskaras no problems, take care!
Radio shock jock Howard Stern was named after Mr. Marks.
something is terribly wrong when both of them are not willing to question the system requires recessions in order for a system to do well again. Jobs creation mean nothing if the employee is earning little.
Recessions are necessary because the weakest borrowers, businesses and individuals, simply exist economically on borrowed money and become too much of a burden on the economy. It’s like you’re trying to keep a boat moving and you need healthy rowers to keep it going. There are zombies on board (like zombie businesses). At first, it doesn’t matter because there are plenty of healthy rowers. But after a while, the zombie disease spreads and you have too few rowers. Had you gotten rid of the zombies when there weren’t too many (a small recession), it wouldn’t be so difficult. But the longer you wait (by printing too much money and making it cheap), the harder it is to clean up zombies (like in the 2008 crash)
of course this guy shows up after the Fed cuts rates due to Media/Political pressure.
The US economy will never fail. Every big nation never dies. I believe Howard Skid marks.
Elvis is still alive
Anthony Morales the dollar will die sooon $$
The US could use a recession. If we have a recession the economy will pull back a little, a new economic floor will be established and then confidence will return and the economy will grow again. A small recession is not a bad thing in general, but stopping a recession only creates a worse recession. The Fed should save its tools for the recovery and ignore President Bankruptcy.
You have no idea
Great interview. Excellent questions.
The US economy doesn’t need any rate cuts, it needs a tax increase to 90% on the rich, Go Bernie!
😅🤣😂🤨
If the economy is doing well, why are there so many people homeless? The economy is always doing well for the rich!
Dumb question. The economy doing well has nothing to do with unproductive people. People who do not produce anything have no connection to “the economy”. Unproductive people are dependant upon welfare, and welfare is not the job of “the economy”. Welfare is the job of charities and governments.
Law of diminishing returns… cutting rates at this point is useless! Nobody’s saying money is too expensive right now
Marks may he right.
If he is and I agree with him, does that make me a Marksist? 🤔
Is he shorting the market and hoping a collapse?
Michel Bisson he is a credit investor he picks his investments in terms of which businesses are going to payback its loan or which is worth taking over after it fails to do so. He is opposed to lower rates because it lowers its margin. But I don’t think that he is desperate enough to go into such a reckless bet.
How can he say they economy is doing well ?
Seems like everyone is a billionaire thee days.
@9:40 job creative edefinelty fail when people’s holding a job does not meet their cost of living. If I make 48,000 gross income annually, I cannot afford a separate single dwelling and daycare at the same time. Currency prevents job. I would rather grow a garden and hunt, if it was possible! I am well at both those examples
Stop asking when the recession is gonna come. Wtf. People. Nobody knows. Freaking stupid interviewer.
These rate cuts are so minute they’re practically meaningless.
When did Hank Azaria get into finance?