"The Wall Street Journal's recent interview with Bridgewater Co-Chief Investment Officer Robert Prince carried some bad news for bullish investors—the world's biggest hedge fund, and arguably one of the most successful, revealed their very negative outlook on the global economy that included at least 10 years of slowed growth and high employment in developed countries.
Prince expressed skepticism about any imminent recovery in the U.S. or Europe, describing the two areas as "zombie" economies amid a period of rampant deleveraging.
From the WSJ:
at http://www.businessinsider.com/bridgewater-bearish-for-the-next-10-years-2012-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1iQIwFB8I
Prince expressed skepticism about any imminent recovery in the U.S. or Europe, describing the two areas as "zombie" economies amid a period of rampant deleveraging.
From the WSJ:
Recent better-than-expected news on the U.S. economy is unlikely to be the start of a healthy expansion, he says. The uptick in economic growth has been fueled by a decline in the savings rate, which, without material income and employment gains, is unlikely to be sustainable as long-term credit growth also remains weak, he says..."
at http://www.businessinsider.com/bridgewater-bearish-for-the-next-10-years-2012-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1iQIwFB8I
