Friday, September 27, 2013

"How the Economic Machine Works" by Ray Dalio of Bridgewater Associates

This video (posted Sept. 22, 2013)  focuses on three economic drivers: 1) productivity growth, 2) the short term debt cycle and 3) the long term debt cycle.

Bridgewater Associates is the largest hedge fund in the world and manages about $150 billion.  Ray Dalio’s net worth is about $13 billion

While other topics may be more engaging, this one has more impact than many others.  Dalio  does a good job presenting the material.   Toward the end of his presentation, Dalio concedes that some policy makers do not understand this material very well.

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