The Memo by Howard Marks cover image

2020 in Review

The Memo by Howard Marks

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The Fed's Lock Down Related Recession Was Painful

Many economists expect us. G d p to rise at a well ove average rate this year. With the early months likely to be slow, that implies big gains later in the year. The strong economy will be abetted by a fed that has promised to keep interest rates low for years and to continue buying bonds.

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