From Barron's interview of Ray Dalio, founder of the world's largest hedge fund: "It caused the...

|By:, SA News Editor

From Barron's interview of Ray Dalio, founder of the world's largest hedge fund: "It caused the stock market to retrace about 60% of its decline, and it caused the U.S. economy to retrace 40% of its decline. But it did not produce new financial assets. There has been very little new lending. The stimulus produced very little in the way of economic activity."