Ray Dalio USD Bull, Europe must Devalue

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Ray Dalio Davos 2015

Ray Dalio is another USD Bull who believes the USA is in good situation. He also thinks Europe and Japan must continue to devalue their currencies. According to him there will be a USD short squeeze similar to the one 1980-1985 when companies and the world tried to repay their USD debts. The US hedge fund manager who runs the $160 billion Bridgewater Associates, spoke in a panel debate Thursday at the World Economic Forum in Davos, Switzerland.

Ray Dalio also shared his fundamental view on European competitiveness which is that  the average cost of a European worker, adjusted for their time worked, is about twice that of the USA’s. That kind of competitiveness issue will require not only painful structural reforms but also a currency depreciation.

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