Oaktree’s Marks Says Inflation Is ‘Excessive,’ Higher Rates Overdue
Oaktree’s Marks Says Inflation Is ‘Excessive,’ Higher Rates Overdue
(Bloomberg) -- The fastest inflation in four decades has reached an “excessive” level, in part because of stimulative monetary policy used to counter the economic consequences of the pandemic, said Howard Marks, co-founder of Oaktree Capital Management.
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