Apr.09 — Oaktree Capital Management Co-Founder and Co-Chairman Howard Marks says that debt and deficit should still be a concern because of the unprecedented nature of the crisis. He thinks that assuming debt should not be a concern right now is similar to a credit card with no limit. He joins David Westin on “Bloomberg Wall Street Week.”
chyna will give lend and debt, but usa pay back time, give usa to chyna, and usa can go with elon on spaceX to the Mars HVAC colony, and make new home there, thank you
the top hats control the central banks of Europe and the Americas via the IMF. That is why Janet Yellen and those in the know are not concerned because the eventual outcome is going to be a global digital currency to keep this ponzi scheme alive. It's all about the next scheme Howard. Don't you know this already. First it was gold, then it was central banking backed by the gold, then it was the creation of the IMF and world bank, then it was central banking backed by oil, then it was bring the european union together to make a currency control by the Euro bank, and now its going to be a digital currency possibly global 1 world type currency. It's always about the scheme howard. Come on man. Your always around those top hats, you should know this.
If I was as rich as him, I could afford a better background
Good God… It's time to buy gold and silver
If you're not concerned with macro economics, why the concern with deficits so high that we can't relate to the numbers? Even the experts are befuddled. How will I ever explain mmt to my grandchildren? Hopefully it's not huddling close to a burn barrel fire while we share a potato!
But you don’t have to pay off the credit card. Run it up, insure the debt then pass it on to the next person. Whoever’s holding the card when the music stops, worries about the debt. ?
Isn't the States' debt situation a giant Ponzi scheme? At some point, it's gotta collapse…
Zombie companies, $trillions in government handouts, debt and deficits through the roof….America is in great financial shape!
His credit card analogy is a misrepresentation. Sovereign debt is qualitatively different from personal debt. It is simply a balance sheet heuristic between public and private spending. The clear limit to debt is the inflation trade-offs society prefers. This is a trade-off and the essence of substantive politics. When presented from members of the financial sector, the issue is entirely framed from the perspective of their narrow interests and fails to offer a complete perspective.
Bitcoin > Police State Ponzi Paper
USA will lose the world reserve currency to China.
Rest of the world pays for american spending cause they're suckered to using it as the reserve currency
For streaming stocks, BUY Amazon Prime, Disney +, Netflix.
Best companies: Amazon, Apple, Facebook, Nvidia, Microsoft, Netflix, Zoom so these are the stocks you want to own. Also Wells Fargo, Disney for the
recovery.
Thanks for this window into Mr. Mark's thinking. Good questions.
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