"Ray Dalio says investors are staring down a period of weak returns as low rates inflate asset bubbles — and warns we’re in the ‘problem’ part of the current cycle"
businessinsider.com/stock-market-b…
businessinsider.com/stock-market-b…
"He said low interest rates are fueling a bubble that will eventually burst.
Major Wall Street banks are bullish on the direction of equity markets, however."
Major Wall Street banks are bullish on the direction of equity markets, however."
"When you buy things, that means it bids up the price, but it lowers the future expected returns,"
"It's an episode that plays out repeatedly through history, he said. We're currently in a phase of the cycle that is producing a disproportionate amount of wealth stored up in financial assets over real, tangible assets."
"Dalio blames the Fed's monetary policy for the speculation. "
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