'We are unlikely to have a boom': A billionaire investment chief at the world's biggest hedge fund breaks down why the economy's growth cycle is permanently broken
, the world's largest hedge fund with $160 billion in assets under management.
Prince does not see future doses of Fed stimulus creating what one would characterize as a boom economy. Going forward, he expects two trends to further limit how much the economy can grow: low productivity and the exit of baby boomers from the workforce.Prince also foresees structural changes to the "bust" side of the economy's assorted cycles.
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