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Bridgewater’s Ray Dalio still long on stocks, and sees ‘significant’ risk in bonds

“In an interview on Bloomberg Radio, the hedge fund manager was asked if he is predicting a bear market” writes Cameron Costa for cnbc.com. Schumer directly attacked Treasury Secretary Steven Mnuchin for his claims the tax reform proposal would reduce the country’s budget deficit. Bridgewater is the world’s largest hedge fund, managing about $160 billion, according to its website.Dalio also explained why the Republican tax reform plan is negative for bond prices.The hedge fund manager’s view is similar to Senate Minority Leader Chuck Schumer’s position that the Republican tax reform plan will add to the deficit.
 
Source: cnbc.com



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