July 2024 Newsletter: Rates Insensitivity in the Downcycle
The Impact of Debt
oaktreecapital.com
Oaktree on homebuilders and the residential real estate market... https://t.co/fXwst4JzXj
Soaring debt and deficits causing worry about threats to the economy and markets
cnbc.com
One of the primary themes that I’ve frequently written about going back to 2020 and that has guided a lot of my investment decisions, is the concept that the United States is in the process of entering fiscal dominance.
This means that fiscal deficits are larger and more impactful for the economy and for financial markets than they used to be, and
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