Ray Dalio warns of a a 'great sag' in the global business cycle, and central banks can't do much to stop it

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The hedge fund mogul warned that the global economy is stuck, and further rate cuts from central banks won't provide much stimulus.

Ray Dalio is warning that the world economy is in a"great sag" and central banks won't be able to fight it. According to CNBC, Dalio said that with interest rates so low around the world, central banks can't lift the economy through monetary policy alone. Instead the billionaire called upon a coordinated response from governments to lift the global economy. View Markets Insider's homepage for more stories.

Ray Dalio is warning that the world economy is in a"great sag" and central banks won't be able to fight it. According to CNBC, Dalio said that with interest rates so low around the world, central banks can't lift the economy through monetary policy alone. Instead the billionaire called upon a coordinated response from governments to lift the global economy. View Markets Insider's homepage for more stories.

 

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