Dalio: "Cash Is Still Trash... But Equities Are Trashier", Prefers Gold & Bitcoin
https://www.zerohedge.com/markets/dalio ... ld-bitcoin
A "perfect storm" is forming that will spread economic pain as the US Federal Reserve raises interest rates. Domestic tension among the US people caused by irreconcilable differences and a yawning wealth gap, combined with international conflicts, are contributing to the perfect storm.
The US is seeing stubbornly high inflation along with elevated real interest rates.
We are at the beginning of a late, big-cycle debt crisis when you are producing too much debt and have a shortage of buyers.
While interest rates won’t go much higher, the economy will get worse, and that could cause more internal strife if the US continues to have political fragmentation.
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