By Staff Reporters
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- Ray Dalio no longer believes “cash is trash” in light of tighter monetary policy.
- He’s warmed to the greenback due to higher interest rates and the Fed shrinking its balance sheet.
- However, Dalio is still only neutral on the dollar, likely because of stubborn inflation.
Ray Dalio, after repeatedly proclaiming “cash is trash” in recent years, has warmed to the US dollar and now views it as a passable investment.
“The facts have changed and I’ve changed my mind about cash as an asset: I no longer think cash is trash,” Dalio just tweeted.
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Filed under: Breaking News, Experts Invited, Interviews, Investing | Tagged: Dalio, Ray Dalio, Ray Dalio SPEAKS |
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