An in Depth Look at Deleveragings – Ray Dalio – Bridgewater

Looking back over some of my most popular blogs, I think this is worth a read.

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No Growth, Easy Money - The New Normal?: Ray Dalio No Growth, Easy Money – The New Normal?: Ray Dalio (Photo credit: World Economic Forum)

This is an excellent article looking at good, bad and ugly deleveraging experiences over the last century. It is written by Ray Dalio, billionaire,  head of the World’s largest hedge fund operator, Bridewater Associates. I STRONGLY RECOMMEND this article for a deeper understanding of the deleveraging debate underpinning the argument of the austerian politicians in the  US, the UK and Germany.

Open this link to read the article which is in PDF format.

The article is quite long but easy to read with lots of interesting colored charts.

Based on historic precedent, I think that there is hard evidence that austerity has been too severe in many countries since the financial collapse in 2008, especially in the UK and Southern Europe.

Good national economic house-keeping as advocated by Germany makes excellent…

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My Top Twelve Blogs – Last Three Months

I thought that it would be interesting to share my top twelve blogs over the last three months ranked by number of hits:

Title Views
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The cult of home ownership is dangerous and damaging – Adam Posen – More stats 134
Malaysia travel: What to do in the Cameron Highlands | CNN Travel More stats 121
An in Depth Look at Deleveragings – Ray Dalio – Bridgewater More stats 106
The world’s next great leap forward: Towards the end of poverty | The Economist More stats 105
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What will happen to markets when QE ends? | FT – Gavyn Davies More stats 77
Universal Credit staff describe chaos behind scenes of flagship Tory reform | Politics | The Guardian More stats 70
A Hard Look at Psychology and the Financial Crisis – Ian Hughes More stats 58
We Were Middle-Class Once, And Young – Paul Krugman – NYT More stats 58
Obama and the crumbling of a liberal fantasy hero – More stats 55
A gaffe-prone Japan is a danger to peace in Asia – Gideon Rachman – More stats 53
Thousands dying because hospitals are understaffed – Telegraph More stats 53
Cadbury: The great tax fudge – More stats 52
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