Howard Marks LIVE (Replay) with Barry Ritholtz (Podcast)
Masters in Business
00:00
The Risk Factor of Deficits to Fixed Income Purchasers
The risk factor of deficits to fixed income purchasers is that someday China says, you know, we have enough treasuries. But the difficulty is what are you going to buy if it's not the dollar? You're going to invest in the euro? That looks precarious. Are you going to investment in the ruble, won, whatever it might be? So it looks like we're going to ... this is all, when you look at the government and how badly it functions.
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