Ray Dalio Says Cash, Bonds ‘Stupid to Own’ Amid Money Printing

Ray Dalio renewed his warning about holding cash and bonds on Tuesday amid the ongoing, pandemic-fueled increase in debt creation and monetization in the U.S.

“This printing of money and buying of debt assets has driven interest rates so low that cash and bonds are stupid to own,” he wrote in a post on LinkedIn. “I think one should consider minimizing one’s ownership of cash and bonds in dollars, euros, and yen.”