Oaktree's Howard Marks warns the trade war risks the US's 'golden credit card'
The US’s trade war against the world could hit the country’s ability to live beyond its means, wrote Howard Marks, the co-chairman of Oaktree Capital Management.
In a memo published on Thursday, Marks warned that President Donald Trump’s tariff war could “dramatically” impact the US’s fiscal position. The world’s largest economy has long issued low-cost debt to lenders who were confident it would be repaid,
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Billionaire Bets 30% On 1 Weird Stock
Nelson Peltz is a billionaire whose net worth is estimated at $1.7 billion. We took a deep dive into his portfolio and found an astonishing finding. He bet over 30% of his portfolio on a single stock, a plumbing and heating products distributor.
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