Bob Prince, co-chief investment officer of Bridgewater, the world's largest hedge fund, believes that even after the COVID-19 epidemic, US economic growth may be "seriously limited". This is because the United States does not hesitate to expand its budget deficit and print a lot of money in order to stimulate economic growth during the epidemic.
'looking ahead, U.S. fiscal policy will continue to be the main source of stimulus, which will only fuel more and more debt and put pressure on the exchange rate,'he said. 'it 's also a problem around the world, but outside Asia, it's even more acute, 'Mr. Prince said.
"Global investors tend to be very western-centric," he said. But some countries are better at dealing with the virus without increasing budget deficits and printing money. "
Mr Prince explained that, for example, China's economy was "closer to normal", as did asset prices in much of Asia, and investors should bear this in mind.
"there are huge economic differences between the East and the West," he said. As an investor, you shouldn't just look at the west. "