Lasry Sees the Market Taking a ‘Big Hit’ in Six Months Without Tax ReformBy
Marc Lasry, co-founder of Avenue Capital Management, said U.S. lawmakers must get tax reforms done in the next three to six months or the market will plunge.
“If none of that happens I think you will see the market take a big hit,” Lasry said in a Bloomberg Television interview Wednesday on the sidelines of the Bloomberg Global Business Forum in New York.
The hedge fund manager said the market currently believes that tax changes will bring money back to the U.S. from offshore and fuel jobs.
— With assistance by Erik Schatzker