The Memo by Howard Marks

The Insight: Conversations – This Time Might Be Different with Howard Marks and David Rosenberg

Jun 27, 2023

33:37

Episode guests

Howard Marks

David Rosenberg

Highlights

AI Chapters

Episode notes

The unpredictability of market pivots and inflation

01:35

Locking in a Return: The Value of Debt in Uncertain Times

00:45

Outlook on interest rates and investor psychology

00:42

Introduction

3min

The Implications of the Global Credit Strategy

5min

The Importance of Credit Work

2min

The Importance of Efficiency in the Market

4min

The Phillips Curve and the Future of the Fed

4min

The Risks of High Yield

3min

The Risks of Floating Rate Debt

3min

The Psychology of Optimism

4min

The New Optimism in Fixed Income

5min

David Rosenberg, co-portfolio manager of Oaktree’s U.S. and Global High Yield strategies, and Howard Marks discuss topics from the June 2023 edition of The Roundup. They consider the evolution of the high yield bond market, investor optimism and why this time might actually be different in financial markets.

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