Founder of world’s largest hedge fund doubles down on ‘cash is trash’ argument, warning of debt-fueled inflation

From marketwatch.com

That’s billionaire investor Ray Dalio making the case that U.S. dollars, perhaps, any currency, will prove a losing bet in this new era of COVID-19. During a question-and-answer session on social-media platform Reddit, the founder of hedge fund Bridgewater Associates underscored a point that he’s made in the past, but one that has more resonance as the infectious disease that was first identified in Wuhan, China in December wreaks havoc on global economies and forces central banks and governments to unfurl an array of unprecedented fiscal and monetary stimulus efforts. Those measures are intended to help limit ... (full story)