Ray Dalio and Fed

Fed: There are some, like hedge-fund titan Ray Dalio, who say a rate increase will prove an epic blunder in the face of a vulnerable global economy, prompting policy makers to abruptly reverse course and start printing money again, according to The Toronto Star. There are others, such as Citigroup Inc. economist William Lee, who say the expansion is healthy enough seven years after the financial crisis to withstand higher rates. Not only is there no consensus about whether the Fed will end its seven-year-old policy of zero interest rates, but views on the fallout from such a move are wildly disparate. Next week increase will be the first of several over the course of the next year, they argue. Much of that, he notes, is the result of the mixed messages coming out of the Fed. Guy Haselmann, a Scotiabank strategist, says that in his nearly three decades on the Street he never seen such confusion. (news.financializer.com). As reported in the news.