Lost in the news of the surging US stock market is the concurrent weakness of the US dollar. This week US Treasury Secretary Steven Mnuchin endorsed the dollar decline in Davos, sending it down further.
Ray Dalio, founder, chairman, and chief investment officer of the world's largest hedge fund, Bridgewater Associates, had this to say about the declining dollar:
There are few investors with a better long-term track record than David Swensen, the chief investment officer of Yale's endowment since 1985 (approximately 13.5% annualized). So when Swensen sits down to talk about how he achieved his long-term investment success and about how he views today's investment risks and opportunities, I listen with full attention.
Happy Halloween. The next few days will surely provide a few tricks, and treats, depending on the thickness of your wallet. Here are a few tricks and treats to look for in your candy bag:Happy Halloween. The next few days will surely provide a few tricks, and treats, depending on the thickness of your wallet. Here are a few tricks and treats to look for in your candy bag:
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