Ray Dalio on Charlie Rose

A must see interview for anyone interested in global macro with Ray Dalio of Bridgewater Associates, the world’s largest hedge fund.   His key points:

There are three big themes driving the global economy:

1)  deleveraging;
2)  monetary and fiscal policymakers are “out of bullets;”
3) political process, not just in the U.S., but globally, is totally broken;

The world is divided into two parts leading to huge global imbalances:

1)  debtor developed countries;
2)  emerging creditor countries;

Click here to watch the full interview.

(click here if picture is not observable)

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