Ray Dalio says he believes that the economy will gradually ease and the FED might eventually react to that by cutting rates just a bit.
The private sector has been strong after years of intentional wealth transfers into it by the government.
He sees the long term inflation rate at 3-3.5% and thinks long term bonds will trade at approx current levels between 4.5-5% or maybe a bit lower in case the FED will ease but acknowledges uncertainties about demand and supply issues and upcoming maturities.
