Submitted by Evreya t3_12478iv in wallstreetbets
[removed]
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VisualMod t1_jdy29oo wrote
| User Report | |||
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| Total Submissions | 1 | First Seen In WSB | 1 week ago |
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| >TL;DR: Billionaire hedge fund manager Ray Dalio says the current economic situation is exceptional and that there is a widespread mismatch in value between assets and liabilities in the financial sector. |
VisualMod t1_jdy2a9s wrote
>This is an extremely difficult situation that the Fed is facing. They need to be careful not to set rates too high, which could hurt those who have borrowed money, but at the same time they need to provide enough of a return net of inflation to encourage investors to hold government bonds. It's a delicate balancing act and one that could have serious consequences if it's not handled correctly.
borrowedbook1 t1_jdy8wq9 wrote
Dude is sharp
Theta_Ome t1_jdybetl wrote
Has anyone checked his balance sheet? His China exposure has to be ungodly
VisualMod t1_jdynhon wrote
#Submission Vote Removed This submission was voted spam. ##Reasons
Misuse of Discussion flair
moonguh t1_jdy67xj wrote
Money is a zero sum game. It's impossible for everyone to lose money.
Gandalftron t1_jdy9w8y wrote
Well.....the rich are still getting much richer. Oddly enough, I never see the most obvious "tax the wealthy and close tax loopholes" solution thrown around. I guess being distracted by bread and circus tactics like the wokeness of gay frogs using a unisex bathroom has worked thus far.
legbreaker t1_jdy8yx2 wrote
It is if you count in the Fed assets.
But when the Fed starts reducing money supply it can feel like everyone in the market is losing.
During QT the Fed is basically removing money and reducing the circulating supply.
cbryantm t1_jdyh32w wrote
If the government did not step in to insure bank deposits then all deposits above 250,000 are essentially eliminated. Meaning the depositors lost money and no one gained any money on the other side. Bankruptcy is another example of it not being zero sum. It supposed to be zero sum, but market dysfunction creates scenarios where that isn’t always the case.
moonguh t1_jdyiaxv wrote
No, still the money had not lost. All the money are locked in bonds during the low rate, so the creditors would buy these at a huge discount, then sit on them until maturity and make banks.
moar-warpstone t1_jdy8r3n wrote
Still remember when I was an intern and we had a Q&A with Ray. Everyone asked questions and then one girl asked how Bridegwater thought about diversity. Keep in mind this is a company that is exceedingly white and male (like a lot of finance, but particularly so there at the time, idk what it’s like now)
Ray deadpanned, thought about it for 10 seconds, and then said “we don’t like to lower the bar for women…” and moved on to the next question. The girl was shocked. His assistants freaked out in the background and the CIO at the time looked puzzled as hell. They quickly switched the conversation to Dutch bonds or something but it was recorded and his response had a lot of fallout.
One of the funnier and stranger things I’ve ever seen in a professional setting. This is BW of course so everyone gives feedback on iPads and Ray got destroyed by everyone in the room (of course it didn’t matter) for being out of touch etc
Anyway, that’s my Ray story. A couple of my buddies still work there and they say they miss his presence around the fund even if it was time for him to move on… weird dude, cultish following, very very rich