In an interview with CNBC's Christine Tan, Dalio warns of global slowdown concerns and said that a downturn is inevitable, forcing the Fed's hand.
Taking all of this into account, the market reaction is remarkably calm. Oil is up. Gold is up. But both are good if your eye is on exchange rates.
The Oracle of Omaha has a history here, after buying $250 million worth of Tiffany bonds in 2019. But when management decided to sell, he passed.
Deservedly or not, Gates has a lot of influence in our national conversation about the ultra-rich and what they do.