Howard Marks: don't rule out negative interest rates in the US

Current conditions in the US don't call for negative interest rates. But that doesn’t rule them out, says Howard Marks, founder of Oaktree Capital Management.

Howard Marks, chairman and co-founder of Oaktree Capital Group LLC © Brent Lewin/Bloomberg via Getty Images

(Image credit: Howard Marks, chairman and co-founder of Oaktree Capital Group LLC © Brent Lewin/Bloomberg via Getty Images)

"I don't think current conditions in the US call for negative interest rates. But that doesn't rule them out," warns distressed debt investor and author Howard Marks in his latest letter to investors. The US has better growth prospects and a stronger economy (for now) than areas of the world where negative rates (where savers are charged for investing in "safe assets" such as government bonds) have become prevalent (the eurozone and Japan).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.