Ray Dalio No Longer Thinks ‘Cash Is Trash’

(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 Bloomberg

Elon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ Plan

Trump Asks to Push Special Master Appeal Hearing to January

North Korea Fires Missile Over Japan for First Time Since 2017

Credit Suisse Turmoil Deepens With Record Stock, CDS Levels

Stocks Rise From the Ashes in Best Day Since July: Markets Wrap

Due to the levels of existing interest rates and the Fed’s shrinking of the balance sheet, cash “is now about neutral” and “neither a very good or very bad deal.”

Bridgewater Keeps Bets Against Europe Banks, Tech as Dalio Warns

To view the source of this information click here

Most Read from Bloomberg Businessweek

Millions in Cryptocurrency Vanished as Agents Watched Helplessly

The Unstoppable Dollar Is Wreaking Havoc Everywhere But America

Maine Lobster Union Points the Way for Organizing Gig Economy Workers

Pfizer Needs to Prove It’s Ready to Move On From Covid-19

As Home Prices Surge, Americans Are Moving to Cheaper Places

©2022 Bloomberg L.P.
Click Here To Get Funded!