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Howard Marks

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Howard Marks

US Has a "Complete Lack of Fiscal Discipline" and Borrowing Costs Will Not Fall Until the Deficit Is Fixed, per Oaktree's Howard Marks

One of Wall Street's most respected credit investors is warning that Washington's borrowing problem cannot be engineered away. The United States displays a "total lack of fiscal discipline," Oaktree Capital Management co-founder Howard Marks wrote in his latest memo. Marks argued that efforts
29 Oct 2026 2 min read
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