Taps Coogan – July 7th, 2020

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Ray Dalio, co-chairman and founder of Bridgewater Associates, the world’s largest hedge fund, recently spoke with Bloomberg’s Erik Schatzker about his view that we are entering a new world order in which central banks have supplanted free-market principles and have become the primary drivers of capital markets.

In a wide ranging interview, he warns that the Fed is going to continue to “explode” its balance sheet, that the best historical analogue for this period may be the 1930s and 1940s, that the dollar may lose its reserve currency status, and that assets like stocks and gold may be the only way to preserve capital.

Enjoy the interview above for a sobering view into where we may be headed.

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