Howard Marks Discusses the Interest-Rates Machine
Masters in Business
00:00
The Fed Funds Rate Up to Four Plus?
In 0809, we had the worst crisis since the great crash of 29 and the following depression. As a result, the Fed engaged in the greatest program of stimulus that it ever has. It took interest rates to the lowest level they've ever been. We cannot say for sure what the outcome will be. If something is going on that has never been seen before, you certainly can't say how the movie is going to end.
Play episode from 50:42
Transcript
