
Sign up to save your podcasts
Or
In his latest memo, Howard discusses how the recent events surrounding tariffs can have a seismic but unpredictable impact on the global economy. Seismic in that they reflect a fundamental undoing of longstanding norms, and unpredictable in that tariffs would bring untold second- and third-order consequences. He emphasizes that there is no foreknowledge here, with forecasts even less likely to be accurate than usual. Howard considers the response of the financial markets, highlighting the key question regards the appropriateness of the market reaction thus far: has it been just right, excessive, or inadequate?
You can read the memo here (https://www.oaktreecapital.com/insights/memo/nobody-knows-yet-again).
4.8
388388 ratings
In his latest memo, Howard discusses how the recent events surrounding tariffs can have a seismic but unpredictable impact on the global economy. Seismic in that they reflect a fundamental undoing of longstanding norms, and unpredictable in that tariffs would bring untold second- and third-order consequences. He emphasizes that there is no foreknowledge here, with forecasts even less likely to be accurate than usual. Howard considers the response of the financial markets, highlighting the key question regards the appropriateness of the market reaction thus far: has it been just right, excessive, or inadequate?
You can read the memo here (https://www.oaktreecapital.com/insights/memo/nobody-knows-yet-again).
2,156 Listeners
3,369 Listeners
981 Listeners
1,848 Listeners
925 Listeners
2,289 Listeners
664 Listeners
798 Listeners
301 Listeners
209 Listeners
351 Listeners
45 Listeners
183 Listeners
23 Listeners
94 Listeners