university of oxford private equity institute private equity forum 2013 march 5, 2013
 
Investing in Uncertain Times
Howard Marks, ChairmanOaktree Capital Management, L.P
 
university of oxford private equity institute private equity forum 2013 march 5, 2013
 
Investing in Uncertain Times
 
The world seems more uncertain today than at any time in my experience
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university of oxford private equity institute private equity forum 2013 march 5, 2013
 
Investing in Uncertain Times
 
The Economy
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The U.S. economy is sluggish
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A recovery is underway, but it is slow, unsteady and not dynamic
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Less support can be anticipated in the future from growth in the use of credit
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Confidence is contributing less than usual
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Consumer confidence is moderate
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Business is hesitant to expand
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Washington is failing to provide a reliable setting
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The problems are bigger elsewhere
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 perhaps the U.S. is “the best house on a bad block”
 
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