JUL 7, 2017
ORIGINAL SOURCE: Let’s thank central banks, but they’re closer to getting it wrong now, Ray Dalio says by Victor Reklaitis of marketwatch.com on 7/7/17
According to Bridgewater's Ray Dalio, founder and CIO of the world’s largest hedge fund, Central Bankers are getting getting it wrong. In short heres what he had to say:
"The world is now at “the beginning of the late-cycle phase of the business/short-term debt cycle, in which central bankers try to tighten at paces that are exactly right in order to keep growth and inflation neither too hot nor too cold, until they don’t get it right and we have our next downturn"
Please read the rest here; Let’s thank central banks, but they’re closer to getting it wrong now, Ray Dalio says