Dear Reader, Ray Dalio is one of the best investors alive, and what he had to say yesterday on CNBC was quite startling. “There’s only so much you can squeeze out of a debt cycle… we are there… you can’t lower interest rates materially, and you are also at the limit...
During a high-level meeting in Jackson Hole, Wyoming, a week and a half ago, U.S. Federal Reserve Chair Janet Yellen gave the mainstream media the sound bite they were looking for. The economy (in her mind) was chugging along, and the labor market was for many months...
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