Ray Dalio « Dr Alf's Blog

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

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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Title		Views

The cult of home ownership is dangerous and damaging – Adam Posen – FT.com		134
Malaysia travel: What to do in the Cameron Highlands \| CNN Travel		121
An in Depth Look at Deleveragings – Ray Dalio – Bridgewater		106
The world’s next great leap forward: Towards the end of poverty \| The Economist		105

What will happen to markets when QE ends? \| FT – Gavyn Davies		77
Universal Credit staff describe chaos behind scenes of flagship Tory reform \| Politics \| The Guardian		70
A Hard Look at Psychology and the Financial Crisis – Ian Hughes		58
We Were Middle-Class Once, And Young – Paul Krugman – NYT		58
Obama and the crumbling of a liberal fantasy hero – FT.com		55
A gaffe-prone Japan is a danger to peace in Asia – Gideon Rachman – FT.com		53
Thousands dying because hospitals are understaffed – Telegraph		53
Cadbury: The great tax fudge – FT.com		52

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