Oaktree (OAK) Chief Investment Officer Howard Marks Video Interview

Oaktree (OAK) Chief Investment Officer Howard Marks said government is not the solution to all our problems 

“People need to understand economic reality and what that means is governments, politicians, and candidates can’t give people everything they want to give them and certain promises just can’t be kept.  There’s always a cost.”

Oaktree (OAK) Chief Investment Officer Howard Marks said government policy action can have consequences

“There’s little a country can do in terms of policy actions to improve its situation that (a) doesn’t have negative ramifications and (b) will enhance the long-run outlook in the absence of fundamental improvement in economic efficiency.”

Oaktree (OAK) Chief Investment Officer Howard Marks is not optimistic on any of the presidential candidates’ proposed policies

“I don’t think any of the candidates make much economic sense.”

 

 

Source: June 6, 2016 Video Interview

http://www.bloomberg.com/news/videos/2016-06-06/oaktree-s-marks-on-tariffs-and-minimum-wage