UBS Asks Borrowers Why They Might Default, Gets Hilarious Answer…

Ok, so there's considerable debate about whether or not Ray Dalio's "beautiful deleveraging" ever actually took place. As a reminder, here's what Ray said some years ago about what the hell a "beautiful deleveraging" looks like: A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic. It doesn't pr

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2 thoughts on “UBS Asks Borrowers Why They Might Default, Gets Hilarious Answer…

  1. I read that “why will i default” graph a just a tad bit differently. It says to me, “I have no idea because I’m a financial illiterate”.

    In the end, perhaps that’s a synonym for “fuck it”.