Ray Dalio: The US Is In The Boring Years, And China Is In A Bubble

January 22, 2014 Leave a comment

Ray Dalio: The US Is In The Boring Years, And China Is In A Bubble

JOE WEISENTHAL

JAN. 22, 2014, 4:44 AM 313

Hedge funder Ray Dalio spoke on a panel at the World Economic Forum in Davos focusing on the current outlook for the economy. When asked by Tom Keene about the state of the economy, he characterized the US as being in the “boring years.” He likened the current state of the cycle to 2004 – 2006, years which hardly anyone remembers in the economy.China is just the opposite, he says, putting it bluntly that the economy is in a bubble. 

Dalio expects global central bankers to keep a bias towards easy money for some time.

He also is anticipating further pain for emerging markets thanks to worsening investment flows. That’s something we’ve already seen quite a bit of, but Dalio doesn’t think that’s over, in part because EM was seen as a no brainer for so long.

Filed under Macro Trends

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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