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Is Ray Dalio Wrong? One Indicator Says Maybe
Via Kevin Muir of “The Macro Tourist” fame
Yesterday, yet another Billionaire Bear issued a stark warning. This time it was Bridgewater Chief Investment Officer Ray Dalio who penned a piece comparing the current environment to 1937.
This was after an earlier in the month letter where Bridgewater warned that risks were rising, and that clients should have 5% to 10% of their portfolio in gold:
“Most immediately, during the calm of the August vacation season, we are seeing 1) two confr
How about just pure “exhaustion”, the market is maxing out on all fronts. The most credit used to buy stock maybe in history, higher and higher corporate bond borrowing and debt selling, wages still lost in flatsville, sounds “tired” to me. It is either print now or print later with “hype” as an unguided debt missile. A too high % of families who can”t cover a $500 emergency bill without going further into debt. This is already recession “ugly” going to depression “terrible” for those unfortunate folks not able to figure out this financial puzzle they find themselves mired in. It will end badly for too many PT Barnum’s (suckers) born every minute”.
Jesus, there are more people out there like me, who knew?