<\/p>\n
Billionaire investor Ray Dalio says that the \u201ccash is trash\u201d mantra is no longer true amid significant shifts in the macroeconomic landscape.<\/p>\n
In a new discussion at the Greenwich Economic Forum, Dalio says financial conditions have changed enough in the last several years that cash is now a \u201crelatively attractive asset class,\u201d at least for the time being.<\/p>\n
\u201cCash now has a relatively attractive appeal. When I said \u2018cash is trash,\u2019 that got a lot of attention. But that\u2019s when cash was nil. <\/em><\/p>\n Now, when you look at the expected returns for this moment, cash is a relatively attractive asset class at this moment. It\u2019s not just attractive because it has a relatively decent \u2013 decent, not great, but decent \u2013 in other words it has something like a 1.5% real return. Not bad. And not bad in comparison to the other things, and it doesn\u2019t have price risk. So it looks relatively attractive.\u201d\u00a0<\/em><\/p>\n The Bridgewater Associates founder previously touted the benefits of minimizing cash exposure in order to avoid losses stemming from rampant currency debasement.<\/p>\n