Apr 7, 2021

Howard Marks: Do the debt and deficit still matter?

Q: Do you think that the debt and deficit still matter?

A: I find it hard to believe they don't.  It's like saying that we have a credit card - the United States has a credit card - with an infinite balance capability and you never have to pay it off.  It sounds too good to be true.  And if someone offered me that credit card, I would be looking for the catch.

~ Howard Marks, "Oaktree's Marks Says This Is the Time to Try to Be Resourceful," 8:45 mark, Bloomberg TV, April 5, 2021



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