New Howard Marks Letter on Negative Interest Rates: "Mysterious" | Value Investing News

New Howard Marks Letter on Negative Interest Rates: "Mysterious"

  • It is entitled "Mysterious" and deals with the topic of negative interest rates.He writes, "The fact that we know what they are–as we do with inflation and deflation – doesn’t alter the fact that we don’t know for sure why negative rates are prevalent today, how long they’ll continue in force, what might cause them to turn positive, what their consequences are, or whether they’ll reach the U.S."
  • Embedded below is Howard Marks' latest letter:
  • You can download a .pdf copy here .
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