Ray Dalio: US Has Done a “Beautiful” Job Deleveraging

Legendary hedge fund manager Ray Dalio was recently interviewed by Barron’s – he shared his take on the US deleveraging process and Europe. In what might be a surprising reaction to those from the Austrian school of economics, Dalio said the US has done a “beautiful” job deleveraging. He defines beautiful deleveraging as one that balances the three available options – austerity, debt...