Howard Marks set a personal record for most memos penned in a single month in March, and as of Tuesday, he's already got one under his belt for April.
Writing last week, Marks expressed more than a little caution about the outlook going forward.
He cited, among other things, elevated leverage for the US corporate sector headed into the crisis, a series of potentially dire repercussions from plunging oil prices and a list of worries about the dollar and America's finances under a version of MMT.
Read more: Social Isolation, Disease, Depression And MMT - Sorting Through The Latest From Howard Marks
He also captured the gist of the increasingly contentious debate between those who claim the virus isn't deadly enough to warrant strict social distancing and businesses closures and those who aren't willing to take what amounts to a utilitarian plunge.
"The longer people remain at home, the more difficult it will be to bring the economy back to life, but the sooner they return to work and other activities, the harder it will be to get the disease under control", Marks wrote.
His last memo closed on a decidedly downbeat note. "Today the range of negative outcomes seems much wider [th
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