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橋水基金:美國極有可能開啓新一輪量化寬鬆
uSMART盈立智投 09-22 22:23

美聯儲何時宣佈縮債成了最近的熱議話題,橋水基金創始人瑞·達裏奧認爲:美聯儲縮債後,極有可能會開啓新一輪的量化寬鬆

這樣輪迴的最終結果就是實際利率長時間內仍保持負值。與資產所有者相比,現金儲蓄者也因此處於更不利的位置。因此他建議投資者不應過於依賴現金,比特幣將會是一個很好的現金避險品。

日前,達裏奧在一檔訪談節目裏稱“美元仍在貶值”。如果比特幣合法化真切地威脅到了美元的地位,各國政府將聯合起來“扼殺”它。

達裏奧堅稱,加密貨幣只有“虛擬價值,沒有內在價值”。但這不意味着不值得用它來實現投資多元化。假設各國政府都不“扼殺”比特幣,比特幣成功了,那麼它將會比現今的價值高得多。

僅在達裏奧接受採訪一天後,美股遭受了五月來單日最大跌幅。

對於美聯儲的量化寬鬆,達裏奧有更深層次的見解:一旦美聯儲收緊購債,量化寬鬆將不可避免地也跟着放寬。這是因爲一旦美聯儲縮小資產負債表的規模,這將成爲新一輪量化寬鬆的前兆。外媒經常把量化寬鬆比作海洛因,它讓美國整個國民經濟都依賴於美聯儲印的這種不勞而獲的錢。

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