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Economy11 hours back (Oct 23, 2020 03: 18 PM ET)
Bridgewater’s Prince Warns of Seriously Restricted Development Post-Covid
( Bloomberg)– Bob Prince, co-chief investment officer of the world’s biggest hedge fund at Bridgewater Associates, stated an uncommon mix of low interest rates and rising financial obligation throughout the pandemic will “significantly” limit potential growth rates in the after-effects of the pandemic.
Fiscal policy will stay the primary source of stimulus, sustaining the risk that federal government financial obligations become too high and resulting in press on currency exchange rate, he stated. These problems will be more acute outside of Asia.
” Global financiers tend to be extremely Western-centric,” Prince stated on Bloomberg TV.
Bridgewater’s Prince States Bonds Are Risky in Zero-Rate World
Prince stated his coworkers in China fulfill at the office without masks, whereas Bridgewater’s U.S. staff members still work from house.
” That economy is much closer to normal and the prices of possessions is much closer to regular,” he said. “There’s a considerable divergence happening economically in between East and West. As investors, you shouldn’t let yourself get totally locked into the West.”
©2020 Bloomberg L.P.
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