
        <p>In his latest memo, Howard Marks discusses recent attempts to rein in long-dated government bond yields.&nbsp; He affirms that the only sustainable solution is responding to the underlying factors pushing interest rates up, even if politically uncomfortable.&nbsp; Any other method simply represents an attempt to override the laws of economics – and that never works. </p>
      

In his latest memo, Howard Marks discusses recent attempts to rein in long-dated government bond yields.  He affirms that the only sustainable solution is responding to the underlying factors pushing interest rates up, even if politically uncomfortable.  Any other method simply represents an attempt to override the laws of economics – and that never works. 

Shall We Repeal the Laws of Economics – Part III

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