Submitted by Taps Coogan on the 20th of April 2020 to The Sounding Line.

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Ray Dalio, co-chairman and founder of Bridgewater Associates, recently spoke with Bloomberg’s Erik Schatzker about the longer term effects that the ongoing Coronavirus pandemic will have on the economy. Mr. Dalio warns that we are headed into a “completely new world order.” He warns that while he doesn’t expect significant demand inflation for goods and services, he does expect ‘monetary inflation’ from continued money printing which effects the purchasing power of currencies relative to financial assets. He also speculates that bonds will make less and less sense moving forward, that there will be greater “differentiation” between the business models, and that strong corporate balance sheets will be much more important.

Enjoy the full interview above.

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