Thinking About Macro

Howard Marks doesn’t make bets on economic predictions. That’s
especially true now when the biggest wildcard is inflation – a
phenomenon no one fully understands. But just because something
is unknowable doesn’t mean it’s unimportant. That’s why Howard
has devoted his latest memo to a topic he largely disavows: macro
forecasting. (July 29, 2021)


You can read the memo here
(https://www.oaktreecapital.com/docs/default-source/memos/thinkingaboutmacro.pdf).


The memo is read by LJ Ganser.