Money and Finance
- Where Does The Future Of Investments Lie? Ray Dalio On The Japanese & World Economies
Found via ValueWalk. With economic malaise in Europe, lagging growth in the BRICS, gradual recovery in the US and Abenomics in Japan, there is a great deal that remains uncertain about the short-term and long-term future of the world economy. Ray Dalio,...
- Hussman Weekly Market Comment: Capitulation Everywhere
“Even the intelligent investor is likely to need considerable will power to keep from following the crowd.”- Benjamin Graham “Human beings desperately want to belong, but, they also desperately want to understand the environment around them. Often,...
- Ray Dalio On Cnbc
Link to videos: Dalio on QE3 and US Dollar What Worries Hedge Fund Titan Ray Dalio? Possible Downturn in US Economy: Ray Dalio Sharpening America's Competitive Edge China's Troubles Continue to Plague Investors Hedge Fund Titan Reads Europe's...
- Bridgewater's Dalio On Europe, Economy, Strategy (video)
Sept. 15 (Bloomberg) -- Ray Dalio, founder of Bridgewater Associates LP, discusses the European debt crisis, investment strategy and the global economy. He speaks with Erik Schatzker at the Bloomberg Markets 50 Summit in New York. ................. Related...
- Bridgewater/dalio Approach
Short description using a few excerpts from Jack Schwager’s book Hedge Fund Market Wizards: “The flagship fund uses the relatively rare combination of a fundamentally based systematic approach. (Most hedge funds that are fundamentally based use a...
Money and Finance
RAY DALIO: The US Economy Is Facing A Rare Set Of Circumstances That Will Be Bad For Markets
Found via ValueWalk.
At the Dealbook conference, Ray Dalio, Steve Schwarzman and David Rubinstein just wrapped up a panel on investing and markets.
Of particular interest was Ray Dalio, the hedge fund god who has been killing it throughout the crisis.
And so you have to be intrigued that he's bearish.
He's not wildly so (thinks stocks will do better than bonds) but his basic idea is that risk premiums are maxed out, and have to come down. In other words, people have paid up max dollar for all risk assets thanks to the Fed dropping rates to rock bottom. Now that will reverse.
His novel set of circumstances he sees is an economy that faces austerity (due to the Fiscal Cliff, etc.) coupled with a Fed that's mostly blown its bazooka, and can't get much more juice out of QE (he believes that QE does less and less because the Fed can't push that much that much more money from bonds into riskier assets).
So the novel set of circumstances are:
- Yields can't go down anymore.
- Austerity is coming.
- Economy is running out of steam.
- QE is losing its efficacy.
- Rate turn probably finally coming late in 2013.
So there you go: Rates going up, austerity coming, Fed out of bullets. Bad for risk assets.
- Where Does The Future Of Investments Lie? Ray Dalio On The Japanese & World Economies
Found via ValueWalk. With economic malaise in Europe, lagging growth in the BRICS, gradual recovery in the US and Abenomics in Japan, there is a great deal that remains uncertain about the short-term and long-term future of the world economy. Ray Dalio,...
- Hussman Weekly Market Comment: Capitulation Everywhere
“Even the intelligent investor is likely to need considerable will power to keep from following the crowd.”- Benjamin Graham “Human beings desperately want to belong, but, they also desperately want to understand the environment around them. Often,...
- Ray Dalio On Cnbc
Link to videos: Dalio on QE3 and US Dollar What Worries Hedge Fund Titan Ray Dalio? Possible Downturn in US Economy: Ray Dalio Sharpening America's Competitive Edge China's Troubles Continue to Plague Investors Hedge Fund Titan Reads Europe's...
- Bridgewater's Dalio On Europe, Economy, Strategy (video)
Sept. 15 (Bloomberg) -- Ray Dalio, founder of Bridgewater Associates LP, discusses the European debt crisis, investment strategy and the global economy. He speaks with Erik Schatzker at the Bloomberg Markets 50 Summit in New York. ................. Related...
- Bridgewater/dalio Approach
Short description using a few excerpts from Jack Schwager’s book Hedge Fund Market Wizards: “The flagship fund uses the relatively rare combination of a fundamentally based systematic approach. (Most hedge funds that are fundamentally based use a...