Ray Dalio: Why Cash is no longer Trash

Ray Dalio of hedge fund Bridgewater speaks at Bloomberg’s “Greenwich Economic Forum,” where he argues for cash as a relatively attractive asset class at present.

Now, when you look at the expected returns for this moment, cash is a relatively attractive asset class at this moment.

It’s not just attractive because it has a relatively decent, decent not great, but decent expect. In other words, it has something like a one and a half percent real return. Okay, not bad and not bad in comparison to the other things. And it doesn’t have price risk.

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