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cover of episode Howard Marks, The State of the Market

Howard Marks, The State of the Market

2025/6/15
logo of podcast Motley Fool Money

Motley Fool Money
AI Chapters Transcript
Chapters
This chapter explores the implications of the massive U.S. national debt and deficit. The discussion touches upon the "golden credit card" analogy, the potential for a loss of this status, and the challenges of controlling the debt in the face of political realities.
  • U.S. debt-to-GDP ratio is around 124%
  • The U.S. has run budget deficits for 41 of the last 45 years
  • Political challenges make controlling the deficit difficult
  • Corporate balance sheets are generally strong, but private equity-backed companies are highly levered

Shownotes Transcript

Howard Marks the founder of Oak Tree Capital Management. He joins Motley Fool CEO, Tom Gardner, plus Chief Investment Officer Andy Cross and Senior Analyst Buck Hartzell for a conversation about:

  • How investors should think about the deficit

  • Investing in human emotion

  • The inescapability of risk

Hosts: Tom Gardner, Andy Cross, Buck Hartzell

Guest: Howard Marks

Engineers: Bart Shannon, Dan Boyd

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