This is really excellent. Imagine having Bridgewater's Ray Dalio as your Econ 101 professor. Then imagine that the class was only 30 minutes long. I can't for the life of me understand why he made this (it seems to me that Bridgewater's clients should already know this stuff), but Ray Dalio lays out his explanation of the US economy and what has driven his investment philosophy for decades in the following video. It's completely straightforward and worth sending to any family and friends who don't understand what it is that you do or how the economy actually works. It's not often you come across something explained in such detail but also in plain English. He does a masterful job of both here:
Mod note: Blast from the Past - "Best of Eddie." This was originally posted in October 2013.
It's the most basic Bridgewater model of the economy... I receive daily observations and the detail in those papers is mindboggling, so yes, there is a lot more to the thinking within Bridgewater. A great video nonetheless.
I love this kind of high level big-picture stuff, great find.
Do you work at Bridgewater or an LP or know someone who does? If not how do you get the daily observations?
I think you can just sign up for them. Name and email.
It's great Dalio publishes and distributes certain pieces, usually the papers available to the public are the easiest ones to understand. No, I get their papers forwarded. @Anihilist, you can't sign up for them/subscribe with payment. They only distribute to clients, so pension funds, endowments, FoFs, etc. I'm sure the AM side of the banks also receive them if they invest in BW. So if you guys are in any of these places definitely ask...
All high school econ teachers' should show this...on the first day, and every day thereafter.
dalio was pretty pissed about his daily obseration reports being passed around outside of his ring of clients. They are tough to get unless you know someone.
Nice post - this video is great.
Anyone interested in reading the 200 page detailed paper on this video above should check out the BW website, under the research and press link. For convenience, here it is...http://www.bwater.com/home/research--press.aspx....I've read the paper "How the Econoimic Machine Works" and it is mind-blowing. Prepare to be schooled by Ray Dalio in this one.
Great video!
Great video!
Fantastic video, thanks for sharing.
Wow, this was surprisingly great.
Thank you, good sir
So if I understood this right, government has to work with the Federal reserve to have a "beautiful deleveraging" of the economy. In this deleverage, government has to spend money. So the spending coming from Washington is necessary, and what Republicans are doing in using the debt ceiling as a means to negotiate Obamacare is just plain stupid. Seems like Ray Dalio is giving Obama's policy a big thumbs up. Please discuss if you don't agree with my interpretation.
Lol you have gone full retard.. Didn't you read anything at all ? Balancing is the key to a "beautiful deleverage". Over leveraging isn't. Obamacare is a mess, it constrains the wages also. Most probably will be a bubble in the future.The more you over leverage the harder you fall to further and more fast and hard crisis than this one. He mentioned balance is the key.
http://www.economicprinciples.org/
On the thread ty, Ed really a good share.
You should learn to disagree without resorting to insults. Regarding the topic at hand, how do you arrive at the conclusion that Obamacare is going to "over leverage" the US government? All sources point to a decrease in healthcare costs thanks to the "Obamacare" policies, which will help reign expenditure in Medicare/Medicaid programs.
Plus, this is not even what I pointed out in my argument! Obamacare does not goes into effect until 2014! My argument has to do with the Federal debt racked up from 2009 till now. This additional Federal debt has zilch to do with Obamacare. So again, it seems like Ray Dalio approves of the Federal government doing the spending in this period. He also seemed to approved about taxing the rich more. Maybe I should take it to Ray Dalio himself ;)
thank you !
Great video.
A+
Epic. Thanks for sharing
Imagine how bad Dalio would tear apart an ideologically driven macro econ professor trying to critique this video.
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