Bridgewater Associates thinks the European Central Bank’s efforts to implement U.S.-style quantitative easing will not meet with the same success, according to an investment strategy note reviewed by ValueWalk.
See Bridgewater on inflation here, and sign up for our free newsletter to see more exclusive upcoming stories.
Bridgewater sees a different between the U.S. and European credit markets
In the secretive hedge fund’s “Daily Observations” report dated September 11, a significant difference between the structure of the U.S. credit markets and that in Europe is likely to be a stumbling block the ECB will need to overcome.
At issue is the region’s lack of a non-banking infrastructure and its dependence on small business.
In the Setup a free account to get access to this article (no credit card required).Login required to continue reading.
