Marks thinks that the 30-year Treasury sets the bar for everything else.
Therefore, when the 30-year offers only a 3% yield, other assets are going to priced at levels that don't offer high returns going forward.
This is a low-return world.
Marks warns that investors pushing for high returns in a low-return world risk getting themselves in trouble by making investments that carry too much risk.
Therefore, when the 30-year offers only a 3% yield, other assets are going to priced at levels that don't offer high returns going forward.
This is a low-return world.
Marks warns that investors pushing for high returns in a low-return world risk getting themselves in trouble by making investments that carry too much risk.
