Loading ...DALIO: FED WILL DO PRACTICALLY ANYTHING TO SAVE THE SYSTEM yes …. and stox have loved it ……. but its getting hard to imagine what additional rabbits it has to pull from hat.
*Ray Dalio Says Investors Would Be ‘Crazy’ to Hold Bonds Now
Bridgewater Associates’ Ray Dalio, founder of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy.
“This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to hold bonds,” Dalio said Wednesday on the Bloomberg Invest Talks webcast. “If you’re holding a bond that gives you no interest rate, or a negative interest rate, and they’re producing a lot of currency and you’re going to receive that, why would you hold that bond?”
Dalio may not like bonds as an investment, but he said he believes central bankers have to employ every bit of monetary ammunition they can muster to compensate for the collapse in income and spending resulting from the coronavirus pandemic. While economists are divided on how long and deep the recession will be, Dalio thinks about it differently: as a $20 trillion “hole” that needs to be filled.
Gold, along with some stocks and corporate bonds of companies with strong balance sheets are the assets that will rise in the current environment, he said.
Maddog-Yes!! Not a word about Soft Bank all day on TV-amazing! Doofus, “cash is trash” Ray Dalio=
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