The Insight: Conversations – Fighting the Fed with Armen Panossian, Danielle Poli, and Megan Messina
The Memo by Howard Marks
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The Recent Performance of Credit Quarterly
Having 0% base rates for 10 years is not normal. Over the last 40 years, we've seen a nearly 2,000 basis point reduction in rates. It's hard to see that happening in the near term because higher rates also imply less availability of capital. The winners and the losers may take some time to show themselves.
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