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Ray Dalio: There will be 'big, bad outcomes' if the ECB doesn't keep buying bonds
There will be "big, bad outcomes" if the European Central Bank prematurely reduces its bond-buying program designed to support the economy, according to Bridgewater Associates founder Ray Dalio and his colleagues. Dalio and his colleagues Bob Prince, Karen Karniol-Tambour and Melissa Saphier sent a note to clients on Friday titled: "Tapering by the ECB would be very bad for Europe's economy, its assets, and its unity." Business Insider obtained a copy of the note. In it, Bridgewater estimates the impact of the ECB reducing bond purchases. "The question of what the ECB monetary policy past March will look like is ... (full story)
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