(Bloomberg) -- Ray Dalio, the founder of Bridgewater Associates, has changed his mind, saying he no longer thinks “cash is trash” and that the short-term interest rate is “now about right.”Most Read from BloombergElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanTrump Asks to Push Special Master Appeal Hearing to JanuaryNorth Korea Fires Missile Over Japan for First Time Since 2017Credit Suisse Turmoil Deepens With Record Stock, CDS LevelsStocks Rise From the Ashes in Best Day Sin
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