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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 b
by Luc 15y ago
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."
- giardini 15y agoBanks 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 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?"
- spiantino 15y agoJust because the answer to the question is logical and unsurprising doesn't mean it's not the answer to the question.