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0 pointsgiardini14y ago0 comments

"But does this not make sense to anyone else? "

Most of what he says doesn't make sense to me. I think he's a blowhard protecting his job at a hedge fund and trying to drum up business, but what do I know? My prediction: his hedge fund will tank within 120 days.

Every time I've borrowed $10,000 I've paid it back with interest. Apparently in the circles he lives in, nobody pays loans off. That could be a problem.

There are bits of truth in there, e.g., "Europe`s reached its debt limits." , "you reach a point where you can`t anymore[sic] get more debt", "So we`re in a deleveraging". Well, blow me down! What insight! Where do I sign on to be a hedge-fund manager? This guy can be replaced by an 8-ball: http://web.ics.purdue.edu/~ssanty/cgi-bin/eightball.cgi

IMO most of it is horsepuckey PR. "We`ve had 50, 75-year cycles..." - WTF? Kondratiev waves? Hey, buddy, I've got an astrologer who can pick stocks!

0 pointsgiardini14y ago0 comments

"But does this not make sense to anyone else? "

Every time I've borrowed $10,000 I've paid it back with interest. Apparently in the circles he lives in, nobody pays loans off. That could be a problem.

IMO most of it is horsepuckey PR. "We`ve had 50, 75-year cycles..." - WTF? Kondratiev waves? Hey, buddy, I've got an astrologer who can pick stocks!

0 comments

5 comments · 3 top-level

Luc14y ago· 2 in thread

He's talking about the debt of banks and nations.

"So when we deal with Goldman Sachs or when we deal with banks and when we deal with Europe I think you can break the world into two parts, there`s the debtor-developed world which has reached its debt limits and is going through a deleveraging."

giardiniOP14y ago

Banks and nations, like other entities, are usually required to pay their debts or they go bankrupt (note the word itself, http://www.worldwidewords.org/weirdwords/ww-ban1.htm ) . Of course they're leveraged.

The questions are "What does Dalio tell us that we don't already know?" "Of what use are his explanations?" and most importantly, "Why is this man appearing on Charlie Rose saying things we already know?"

spiantino14y ago

Just because the answer to the question is logical and unsurprising doesn't mean it's not the answer to the question.

efsavage14y ago

You can pay your loans off but still increase your debt by taking out new loans. In the case of most governments, this is usually how they pay off the old loans.

spiantino14y ago

I think you should read more about how the world works before you say dumb things like this

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