Santangel's Review

Commentary

Howard Marks’ Latest Memo: Down To the Wire (Debt Ceiling)

Howard Marks is out with his latest memo on the debt ceiling.  He makes the argument that the debt ceiling needs to be increased or we will see potentially “disastrous consequences.” He also takes the more realistic view that any solution will merely be a continuation of kicking the can down the road, rather than a real solution to the US’s fiscal situation.