The Memo by Howard Marks cover image

Thinking About Macro

The Memo by Howard Marks

CHAPTER

Inflation - The Future of the Economy

Over the last 16 months, the fed. Treasury and congress have used a fire hose of money to support, subsidize and stimulate workers, businesses, state and local governments, the overall economy and the financial markets. This has resulted in a confidence in the prospects for a strong economic recovery,. b sky rocketing sat prices and see fear of rising inflation. Reminds me to put forth my conviction that we all have views about the future. But as we say at oak tree, it's one thing to have an opinion, but something very different, to assume its right and bet heavily on it. That's what oak tree doesn't do....

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