![]() Marks advised investors to keep a balance between aggressive and defensive stances, and recommended technology stocks that contribute to productivity growth to make up for falling birth rates. "If that decline is likely to be moderate and if you don't know when it's going to take place, then you should stay in and not disrupt your investments and continue to participate in the long-term benefits of being an investor," he said in an interview. Next year, interest rate hikes and the tapering of the US monthly bond purchase program may weigh on asset prices as the Federal Reserve is expected to speed up the reduction of its stimulus package.īut its impact would be only "moderate" since the reduced bond purchase program does not mean the Fed is ending the stimulus package in the immediate future, he told the Korea Economic Daily. ![]() NEW YORK - US stock markets remain high but their prices seem reasonable at the current level of interest rates near historic lows, said Oaktree Capital Management’s co-founder and Co-Chairman Howard Marks on Dec. ![]() Howard Marks during an interview with The Korea Economic Daily at Oacktree's New York office on Dec. 28.
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