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Howard Marks feels Trump re-election will stabilize markets.

Howard Marks who is the co-founder of the Oaktree Capital Management has made a lot of money by his investment in the distressed debt. He has said that a victory in the elections of 2020 for Trump is going to provide a lot of relief to the investors of the Wall Street.

In an interview on Tuesday, Marks has said that the stance of Trump being pro-business ever since he first won the presidential term in the year 2016 in a stunning manner against his rival at that time Hillary Clinton has made him a darling of the crowd in financial markets who have deep pockets.

The investor who is 73 years of age boasts of a net worth that is $2.2 billion and has said that his roster of the candidates who are campaigning for presidency is going to be assessed partly on how his policies are pro-business or anti-business.

In terms of the market, it completely depends on whether they have a president who is being perceived as pro-business or as anti-business he told a media house recently.

He has further said that Michael Bloomberg who is the former mayor of New York City and has come into the race of being a presidential candidate is being seen as a candidate who is business-friendly and he has also called Joe Biden, the former Vice President as being moderately business-friendly.

He said that Elizabeth Warren who has been rising through the ranks of the presidential polls but has made sure that she alienated a lot of wealthy people with the proposition of wealth tax.

The question according to him boils down to the fact that there is no other alternative apart from Trump.

Ricky Pritchett
Editor In Chief At Healthcare News Reports

Ricky has an experience of more than 4 years here at Healthcare News Reports and is one of the few people that are connected with the platform from the advent of Healthcare News Reports. He has done his Bachelor’s Degree in Medical Science from a well-known university in the US. Apart from this, he has a couple of certificates that can let you know the writing skills and talent he possesses. Moreover, owing to his leadership abilities, Ricky is designated to be the lead of the Health division here at Healthcare News Reports. The content that is helmed by him is easily recognized owing to his writing skills.

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