Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.
"Do you want to cut rates to extend an economic expansion which is the longest in history? ... I question whether that's a legitimate goal," billionaire investor and Oaktree Capital's Howard Marks told CNBC.
The U.S. economy doesn't need any rate cuts, billionaire investor and Oaktree Capital's co-chairman Howard Marks told CNBC, predicting there won't be a recession for another two years. When asked if a recession was about to his the U.S., he replied: "It doesn't feel to me like a recession is imminent. I don't think we're going to go 5 years without it, so some time two years from now — something like that."
The expansion keeps trucking along, getting its latest boost from the Trump tax cut of 2018 along with an easing in business regulations, according to economists.
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