Hedge fund titan Ray Dalio
Bridgewater Associates founder Ray Dalio was at the Delivering Alpha conference today and spoke about central banks.
He hit back at Jamie Dimon, who said yesterday that it was time to raise rates.
"He's wrong," Dalio said.
Dalio warned that hiking is a "risky thing" to do, as it is currently not priced into the Treasury yield curve.
Dalio also highlighted the overall riskiness of everything and said diversification is the only strategy.
"We are in a situation where [central banks] want to drive you out of cash and out of bonds," Dalio said, by making them so"bad" for investors that they are forced to buy other assets, Marketwatch reports.
That is a "dangerous situation," Dalio said, as central banks run out of assets to buy and are thus pushing investors into riskier assets.
Here is some big picture stuff from Dalio from back in March.
