'I still think cash is trash': RayDalio doubled down on dollar doubts in Reddit 'ask me anything'
"I still think that cash is trash relative to other alternatives, particularly those that will retain their value or increase their value during reflationary periods," he said, giving"gold and some stocks" as examples.C.T. Fitzpatrick has beaten 99% of his peers since the financial crisis. He shares his 4-part strategy for dominating a coronavirus-hit market — and names 6 companies that will benefit from the fallout.
"There is a costly negative return to it in relation to goods and services and other financial assets that amounts to about a couple of percent a year, which adds up," he said. However, once the Federal Reserve creates enough greenbacks to satisfy demand — or the shortfall leads to mass defaults and bankruptcies — demand will drop and the dollar will weaken, he predicted.A Wall Street wealth chief breaks down why the coronavirus bear market may be unique in history — and pinpoints the areas where traders should be buying right now
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