The Memo by Howard Marks cover image

Coming Into Focus

The Memo by Howard Marks

CHAPTER

The Fed's Second Lockdown and Its Implications for Investors

The picture we faced in mid march was truly the worst i've seen. But the fed and treasury brought their massive, concerted effort simulating the activity of the economy to a startling degree. Most investment markets recovered, and the economy has shown su ing strength. The next thing i want to discuss are the possible ramifications of the rescue. I've touched on this before, but it's one more thing on which i want to go into greater depth.

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