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Ray Dalio – The World Has Gone Mad and the System Is Broken
- staticautomatic 7y ago"The System" is never broken. It works as it's intended to work by the people who control it.
- ohiovr 7y agoIts no madder than it was 10 years ago.
- lioeters 7y agoFrom the article: "This set of circumstances is unsustainable and certainly can no longer be pushed as it has been pushed since 2008."
- dredmorbius 7y agoThis is largely meaningless permabear evergreen ranting.
- icu 7y agoSo if Dalio is right, what can we do? I'm interested in what others here on HN have to say. My gut feeling is that you are best served creating financial assets to capture the transfer of wealth and then store that wealth in a non financial asset way, in a location where property rights are completely dependable. Maybe you can do what Buffet is doing and sit on piles of cash, and then just buy everything you want when the market crashes, however there are risks keeping such huge reserves of liquidity, not the least of which is a sudden devaluation of the dollar.