(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.”
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.
By Patrick McHale
