Browsing Tag

Ray Dalio

The US Armageddon Scenario Part 2

The last post was an attempt to describe a reasonable worse case scenario for the US real economy as relatively benign compared to 1937, a comparison making the rounds these days due to a piece by Bridgewater’s Ray Dalio. My point is that…

The US Armageddon Scenario and 1937

The title of this post is a bit alarmist. But what I intend to write is more about reasonable worst case economic scenarios that the Fed is looking to avoid. While a 1937-style downdraft is something to consider down the line, in the…

More on risk re-pricing in 2013

I have been fairly sanguine about some of the market turbulence in 2013. From the fiscal cliff to the sequester to the Japan rate rise to the Fed tapering, I haven't seen a trigger for wholesale risk repricing. I want to flag student loans…

Ray Dalio on Deleveraging

Ray Dalio was featured in Barron's at the weekend. He spoke about the various options available to affect a private sector deleveraging. He sees three ways which he calls austerity, restructuring, and money printing.Below is an excerpt…
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