Bridgewater Co-CIO Bob Prince Says Boom-Bust Cycle Is Over
Comment of the Day

January 22 2020

Commentary by Eoin Treacy

Bridgewater Co-CIO Bob Prince Says Boom-Bust Cycle Is Over

This article by Nishant Kumar for Bloomberg may be of interest to subscribers. Here is a section:

The tightening of central banks all around the world “wasn’t intended to cause the downturn, wasn’t intended to cause what it did,” Prince, the co-chief investment officer of Bridgewater, said in an interview with Bloomberg TV at the Swiss resort of Davos. “But I think lessons were learned from that and I think it was really a marker that we’ve probably seen the end of the boom-bust cycle.”

Eoin Treacy's view

The realization of how sensitive the financial markets now are to interest rates during the freezing up of the high yield market in December 2018 and the repo market in September 2019 is leading to a range of conclusions among policy makers and investors.

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