In the investing game, the rules may no longer apply. Billionaire hedge fund manager Ray Dalio warns that the Federal Reserve has artificially propped up markets, with traditional valuation metrics no longer telling the whole story. Further, he thinks there’s a risk that the U.S. dollar will be displaced as the global reserve currency.“The capital markets are not free markets allocating resources in the traditional ways… The economy and the markets are driven by the central banks in coordination with the central government,” Dalio explained. Even though the titan believes the unprecedented stimulus was justified, he argues these actions have …read more
Source:: Yahoo Finance
