Comments from Ray Dalio, founder of Bridgewater Associates, the world's largest hedge fund.
He was interviewed in German newspaper Handelsblatt, Bloomberg with the headlines
- The European Central Bank needs to accelerate QE in 6 or at the latest in 12 months to keep the euro low
- Says it's the only way to increase growth, competitiveness of euro-zone
- Says that Greece is to remain in crisis for long time
Also:
- China needs to restructure its economy and debt
- Says the Chinese economy will slow as will world growth
- Says we are now at the end of longer-term debt cycle weighing on growth
- He is not worried about a market crash as liquidity from central banks drives securities prices higher
Hedge fund genius Ray Dalio
