Yesterday I came across this excellent video by Ray Dalio of Bridgewater Associates. For those of you who don’t know, Ray Dalio runs the largest Hedge Fund in the world with $122 billion AUM. He breaks down the economy into three parts….
- Short Term Debt Cycle
- Long Term Debt Cycle
- Productivity Growth
Ray makes an astute observation that credit is actually more important to the economy than money and proceeds to explains it all in this easy to follow 30 minute video. Don’t expect stock tips and investing ideas. This is pure education.