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Ray Dalio ‘Wishes’ You Understood China Like He Does, But Barring That, He’s Willing To Patiently Educate You

"They don’t understand."

"They don’t understand."
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3 comments on “Ray Dalio ‘Wishes’ You Understood China Like He Does, But Barring That, He’s Willing To Patiently Educate You

  1. Mr Dalio may know a thing or two, but understanding China is most assuredly not one of them.

    Apart from being clueless about the culture, he was also 100% wrong when he proclaimed two years ago that China was headed for a three year long recession. In fact, the following two years proved to be China’s best this decade. Tough to go on record publicly, but that’s the business he chose. Best he refrain from making anymore laughable remarks about Asia, especially about him understanding China, lol.

    http://fortune.com/2016/01/21/china-recession-dalio/

    • @Bunny, China avoided recession because they enacted a crazy amount of easing. Without that, Dalio probably would have been correct. And while it’s easy to point out where people are wrong, lets be honest, predicting when central banks and governments go on massive easing binges is not the easiest thing in the world.

      • So you’re saying Dalio was wrong with an explanation? Who cares about explanations, as a paid money manager, if you’re wrong, you’re wrong, and clients suffer. Besides, anyone with a clue knew Chinese policymakers would do everything possible to engineer an economic pickup in time for the upcoming party congress and Xi’s leadership review a year later. So almost zero chance of a recession heading toward that. The slowdown in China was actually in 2014-15, already history in 2016. The PBOC slashed its interest rate from 6% to 4.35% during 2014-15 and never again cut rates since 2015.

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