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Ray Dalio on Deleveragings Feb 2012 Piece


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Thanks for posting.


Enjoyed reading it.


Funny line- ..."they usually set policies like blind men trying to cook on a hot

stove, through a painful trial and error process in which the pain of their mistakes drives them away from the

bad moves toward the right moves."


Interesting take on the U.S fed -he seems to think that they made all the right moves. Compared U.S recently to Japan the last 20 years + argues that Japan has had poor result because they did not print enough money.


I wonder if those here who are a fan of Richard Koo have read this paper + wonder what their thoughts are.



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