Cash is no longer trash for Ray Dalio of Bridgewater Associates. Don’t buy long-term bonds either. “The world will be radically different in 5 years.”
He says that, temporarily, cash is a good place to have your money, as one is adequately compensated. However, he doesn’t think these interest rates will be sustained at the current rate, as the global debt dynamics start shifting. Additionally, the rapid changes in technology will upend the current order and “time warp” us into the future. I believe that Mr. Dalio would agree that the 10-year is not a “screaming buy.”