As Ray Dalio’s end of the debt super-cycle is playing itself in real time, with upside and downside volatility playing itself out as predicted, he notes the impact of quantitative easing and monetary policy in general is having less impact the further into debt cycle the economy travels. There is still currency moves to take place — and currency is perhaps the one area where stimulus will have the most significant economic impact. If one is an investor or saver, these are difficult times as “pushing on a string” perhaps has multiple meanings — the the specter of negative interest…
Ray Dalio: What Monetary Policy 3 Will Look Like
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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