| Likely to have a downturn while “there is noteffective monetary policy and that is a ‘scary situation’ – Billionaire Investment Manager Ray Dalio |
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Prepare Now! Risk Of Contagion In Today’s Fragile Monetary World |
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I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
Tags: Daily Market Update,newsletter,Ray Dalio
1 comment
Stefan Wiesendanger
2019-11-01 at 11:03 (UTC 2) Link to this comment
Ray Dalio is certainly incomparably smarter and more experienced than I am. But frankly, I do not understand why further central bank rate cuts from today’s low levels would be necessary or even beneficial in a future downturn. Rate cuts are supposed to stimulate economic activity. When rates are already close to zero, clearly the private sector is already financing just about anything that they consider remotely useful. So why not just accept that there are recessions and wait patiently until people come up with ideas for new projects that they will then be able to finance with historically unparalleled ease?