on bonds and other assets to boost liquidity in financial markets and prevent companies from collapsing during the coronavirus pandemic.
"The whole economy is systemically important," he said. "If they didn't go out and lend to companies ... we would lose large parts of our economy.""You are going to see central banks' balance sheets explode," he said.
Investors might feel "sticker shock" when they see price-to-earnings ratios north of 40, but those are "no less implausible than zero interest rates," he continued.Dollars could lose their appeal" in January, doubled down on that stance during the Bloomberg interview. The Bridgewater boss also described the limits to the Fed's current interventions. If a compelling alternative to the dollar emerges, investors will pile into it and dump bonds offering no return, he said.
Is it fair to ask Mr. Radical Transparency—A) Which crypto? B) How do I earn BlackRock’s blessing?
Radically transparent.
While I probably agree here, I’ll still bet on the American Economy over time and I am continuing to Dollar Cost Average into the markets like usual.
'Moreover, the flood of cash into markets has detached them from the real economy, meaning valuations no longer reflect fundamentals'
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