(Bloomberg) -- Bridgewater Associates’ Ray Dalio, founder of of the world’s largest hedge fund, said investors would be “crazy” to hold government bonds now because of money printing by central banks to rescue the global economy.“This period, like the 1930-45 period, is a period in which I think you’d be pretty crazy to hold bonds,” Dalio said Wednesday on the Bloomberg Invest Talks webcast with Erik Schatzker. “If you’re holding a bond that gives you no interest rate, or a negative interest rate, and they’re producing a lot of currency and you’re going to receive that, why would you hold that bond?”Dalio may not like bonds as an investment, but he said he believes central bankers have to employ every bit of monetary ammunition they can muster to compensate for the collapse in income and spending resulting from the coronavirus pandemic. While economists are divided on how long and deep the...
Alibaba makes IBD's Long-Term Leaders list with its long-term outperformance and earnings stability. China names made people nervous after Luckin Coffee and TAL Education issues. But Alibaba has fund sponsorship that sets it apart....
Academy Securities Head of Macro Strategy Peter Tchir joins Yahoo Finance’s On The Move panel to discuss market outlook, and the potential reopening of the economy amid the coronavirus pandemic....
(Bloomberg Opinion) -- If Warren Buffett’s getting long oil, that has to be bullish, right? Hold up, there, wildcatter.Despite the headline news of Berkshire Hathaway Inc. taking on another 17 million shares of Occidental Petroleum Corp., April 15 is not an auspicious day for the oil sector.The same day, the International Energy Agency published a monthly oil market report that could easily sit on the horror shelves of any bookstore in Houston (if they were open): Roughly a decade’s worth of global demand growth is set to be wiped out this year. Moreover, while the pain is most acute this quarter, the IEA expects demand in December will still be 2.7 million barrels a day lower, year over year. In an ordinary oil market, that would be deemed a catastrophe; in today’s, it represents recovery. The IEA’s projections imply more than 1.5 billion barrels of oil flowing into storage this quarter, potentially maxing...
A regional spec is a pretty broad term. How do you optimize efficiency and cost when a truck might be doing completely different work from one day to the next? ...
