On October 15, the first New Finance Youth Forum was held in Shanghai.
Howard Marks, the founder of Oaktree Capital Management Co., Ltd., said in a message from the global leader of the forum that in 2020, the Federal Reserve purchased US$2.7 trillion in bonds, and the US Treasury Department’s deficit reached US$4 trillion. Additional funds were injected into the U.S. economy in 2020, and so far, the amount of capital injected in 2021 is roughly this.
Since the market reached a low point in March 2020, the ultra-loose monetary policy has led to a rapid rise in asset valuations. The potential long-term effects of these measures may include rising inflation, a surge in U.S. Treasury bonds, and the future status of the U.S. dollar. Will be full of uncertainty.
(Shan Lu, Xu Mingrui, Kang Yuzhan, produced by Le Xiaomin)
Editor in charge: 【Luo Pan】