Ray Dalio says cash is more attractive than stocks and bonds on the back of rising rates

Billionaire investor Ray Dalio renewed his belief that cash makes an attractive investment, saying it's become more appealing than stocks and bonds amid rising rates. "Cash used to be trashy. Cash is pretty attractive now," Dalio said on CNBC's " Squawk Box " Thursday. "It's attractive in relation to bonds. It's actually attractive in relation to stocks.

" Dalio had been calling it "trash" since the purchasing power of cash diminishes amid rising inflation, but he had a change of heart in October as higher interest rates have led to it finally providing some return. The widely followed investor said that higher rates particularly hurt growth-oriented stocks that need to borrow in order to expand. Last year, the tech-heavy Nasdaq Composite tumbled 33.1%, worse than the S & P 500's 19.4% loss.

Everyone rushing to hold cash is guaranteeing recession and unemployment.

so the government issuing checks is the root of all the ills, right? always the fault of the folks at the bottom

Russian disinformation

He's right.

My thoughts exactly.

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