Sea Change

In his latest memo, Howard Marks writes that the investment world
may be experiencing the third major sea change over the last 50
years. Events in recent years – especially the spike in inflation
and the Federal Reserve’s response – appear to have caused a
reversal of the market conditions that prevailed during the
post-GFC (Global Financial Crisis) period and for much of the
last four decades. Howard discusses what this potentially new era
could mean for lenders, especially bargain hunters. 


The memo is read by LJ Ganser.


You can read the memo here
(https://www.oaktreecapital.com/insights/memo/sea-change).