Written by John Lounsbury
Almost 3 years ago Ray Dalio was interviewed by Bloomberg News about the prospects for the economy, and markets as well as monetary and fiscal policy. He discussed the short-term and long-term debt cycles and how they were impacting the economy in 2016 at a time when the stock market was correcting following the stong rise from 2009.
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Of course, 2016 is ancient time for investors but this is still a worthwhile presentation because, although some of the more negative outlooks presented have not come to pass, it is better to recognize they have not come to pass YET and much of what he said three years ago is still applicable.
Who is Ray Dalio? From Wikipedia:
Raymond Dalio (born August 8, 1949) is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds. As of January 2019, he is #79 of the world’s 100 wealthiest people, according to Bloomberg.
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