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

Hedge funder Ray Dalio is speaking 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.