One Trader's Antidote To 'Billionaire Bear' Dalio's Fearmongering
Authored by Kevin Muir via The Macro Tourist blog,
Yesterday, yet another Billionaire Bear issued a stark warning. This time it was Bridgewater Chief Investment Officer Ray Dalio who penned a piece comparing the current environment to 1937.
This was after an earlier in the month letter where Bridgewater warned that risks were rising, and that clients should have 5% to 10% of their portfolio in gold: