market

Sell! Sell! [bell ringing]

Welcome to Profit Markets.

I'm Ed Elson.

It is September twenty-fourth.

In his new memo, legendary investor Howard Marks argues that the Treasury's response was a cosmetic fix to America's economic problems.

He says that buybacks will not solve a situation that is structurally unsound.

He joins us today on Profit Markets to explain why.

Howard Marks, thank you so much for joining us.

Mm-hmm.

And I'm sure we can both relate to that.

At the beginning, I was just looking up all the information, thinking, I don't know enough about markets to actually get myself involved in it.

Mm-hmm.

But sometimes you feel like there's just so much to know.