Thursday, December 15, 2016

Ray Dalio — Back to the future

The coming demise of neoliberalism as the present order owing to ideological resistance to using fiscal policy. Dalio expects this to result in financial and economic conditions reminiscent of the 1930's. Recall what happened after that.

MMT to the rescue with functional finance. If only.

The World in 2017
Back to the future
Ray Dalio, founder, Bridgewater Associates
ht Yves Smith at Naked Capitalism


Michael Norman said...

Problem is, this guy's been cold as ice recently when it comes to his forecasts.

Matt Franko said...

So is he bearish or what ?

Tom Hickey said...

So is he bearish or what ?

Absent fiscal loosening, which views as a political non-starter in the West. He views the world economy as in a deflationary cycle, which is dangerous with elevated debt and too little fiscal offset.