Howard Marks Discusses the Interest-Rates Machine
Masters in Business
00:00
Are Bonds Still in a Bubble?
Back in 2015, you said we were falling into an everything bond bubble. Are bonds still in a bubble? And how does this resolve itself? I don't think you want to own straight long-term bonds in a period of rising interest rates and the consensus is that rates will rise. On balance through most asset classes, we are high in the cycle. And I think that calls for defense.
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