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On the Other Hand

By Advisor Perspectives
Financial Services

Memo to: Oaktree Clients
From: Howard Marks
Re: On the Other Hand

It often happens that just as I’m about to release a memo, I come across something that absolutely has to be incorporated. That was the case on June 12, the day “This Time It’s Different” was published. I was reading a first-quarter report from Ruffer, a London-based money manager, and I came across the following question:

Can the Fed, with its discretions and its firepower, keep a market dislocation at bay, or halt it once it has begun?

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Photo: FederalReserve

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