Ray Dalio End Of Central Banking Dominated Era

Ray Dalio Central Banks’ Reversals Signal the End of One Era and the Beginning of Another and Beautiful Deleveragings Also see  Hedge Fund News H1 Q2 2017 – Letters, Conferences … Bridgewater Associates CIO On Beta Targeting And … – [dalio] For the last nine years, central banks drove interest rates to nil and pumped money into the system creating favorable carries and abundant cash. These actions pushed up asset prices, drove nominal interest rates below nominal growth rates, pushed real interest rates on cash negative, and drove real bond yields down to near zero percent, which created beautiful deleveragings,…