Oct

25

I call your attention to this article:

Risk on the rise as political leaders give in to mob rule

By Ray Dalio, President, Bridgewater Asssociates Inc.

http://www.ft.com/intl/cms/s/0/ed4439d4-fbeb-11e0-9283-00144feab49a.html

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Highlights:

We are in the midst of a deleveraging, we are nearly out of [fiscal and monetary] ammunition and we are at each other’s throats. … being at each other’s throats is our biggest problem.

[In such situations ] frustrations increase, the established ways of doing things come under attack and frustrations over the ineffectiveness of government creates the perceived need for someone to gain control of the mess. Plato spoke of this dynamic. It was the reason Hitler was elected in 1933.

Matthew adds:

Mr. Dalio recently appeared on Charlie Rose . [37 minutes].

Tim Melvin writes:

This much publicity is inevitably followed by "bad things".

Philip J. McDonnell comments:

I agree with Tim. The tone of Mr. Dalio's screed is strongly doom and gloom.

I am guessing he is bullish though because he urges cooperative action.

 
 
 

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