Why the bull market won’t end with a typical crash, says hedge fund billionaire Ray Dalio

The U.S. and China may be nearing a tentative, partial trade agreement but the IMF’s new leader has warned the trade truce won’t be enough to boost global growth.

Hedge fund billionaire Ray Dalio, in our call of the day, says the global economy is in a “great sag” and the world has parallels to the 1930s. He added that there was little central banks could do in terms of monetary policy to stop the downturn as they had less room to maneuver.He pointed out that the world’s widening wealth gap and a rising power — China — challenging an incumbent power, the U.S., had similarities to the 1930s.

The pound GBPUSD, +0.0543% has nudged higher against the dollar after the U.K. and EU agreed a Brexit deal.China’s economy grew by 6% in the third quarter, its slowest growth since the beginning of 1992. Growth cooled in all sectors despite some recovery in industrial production and retail sales at the end of the quarter.

Federal Reserve Vice Chair Richard Clarida will deliver a speech at the CFA Institute conference in Boston, the last major speech before the next Fed interest rate decision.

why should these people tell you how to make money? they are like the central bankers .. everything is going great .. and then when a crash market happens they tell you that it was unpredictable .. you die of hunger they multiply their earnings!

So we're in the Marin County moment for the economy?

FED: no QE, just Repo Dalio: no CRASH, just SAG?

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Here’s How Hedge-Fund Billionaire Ray Dalio Says the Bull Market Will EndThough Ray Dalio, co-chief investment officer of Bridgewater Associates, sees similarities to the 1930s on several fronts, the founder of the biggest hedge fund on Thursday said he doesn’t see a market or economic crash, so much as a “great sag” ahead. barronsonline I tend to think we will see up to 10 years of downward trends and no growth in stocks
Source: MarketWatch - 🏆 3. / 97 Read more »

Ray Dalio warns of a a 'great sag' in the global business cycle, and central banks can't do much to stop itThe hedge fund mogul warned that the global economy is stuck, and further rate cuts from central banks won't provide much stimulus. His wife said same thing about his balls.
Source: BusinessInsider - 🏆 729. / 51 Read more »