Read previewThe presidential election is running on promises that just don't hold up, according to billionaire investor Howard Marks.
"Like me, you've undoubtedly noticed that politicians ranging from former President Trump and Vice President Harris to down-ballot candidates are back to making promises that ignore economic reality," Marks wrote in his latest memo.
AdvertisementDonald Trump: Tariffs and taxesIn Trump's case, plans for higher tariffs on virtually all US imports are equivalent to a price hike on average American consumers, Marks said.
As these disappear, consumers should prepare for higher prices.
Kamala Harris: Price gouging and housingMarks' primary criticism aimed at Harris' anti-price gouging policy.
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—, Howard Marks, you've, Trump, Harris, Marks, Donald Trump, they'll, Kamala Harris, Price, Marks isn't
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