A hot topic on Wall Street right now is whether or not the economy is in a recession. But Howard Marks, co-chairman at Oaktree Capital Management, took a more measured view Friday, saying "today is the same whether you call it a recession or you call it not a recession." "All I know is it's not bad. It's not great, and it's not bad. It's a decent business climate.
Marks took a similar view when asked about the current state of the economy, saying that "unlike so many others," he doesn't know where things will go next. "I think we're in normal territory in terms of risks and opportunities and Oaktree is operating in its normal fashion, neither exceedingly aggressive or exceedingly defensive," he said Friday on CNBC's "Squawk Box.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »