Gyroscopic Investing

Any one believe the 152 Trillion debt is too much?

Any one think you or your friend will be stiffed?

Ray Dalio's boomshell to NY Fed!

http://www.zerohedge.com/news/2016-10-0 ... w-york-fed

Sorry it is Global debt!

My prediction is that someday they will succeed in inflating away the debt. Therefore yes, we will all be stiffed.

The amount of global debt is irrelevant, what matters is net worth. What is the global net worth, i.e. global assets - global debt? And beyond that what matters is maximizing economic productivity for paying the interest on the debt (either voluntarily or via taxation). Public debt is never paid off but private debt can be. And inflation helps whittle away the debt burden in real terms.

Dalio has some kooky and unfounded ideas about how operational reality works, so don't pay him too much serious attention.

"kooky and unfounded ideas" Explain

boglerdude wrote:"kooky and unfounded ideas" Explain

Hmm, he thinks there is some grand supercycle debt bubble or that sovereign debt is a problem per se. Watch his YouTube video on how the economic machine works and you'll see it referenced. Also he thinks the Fed can buy Treasuries directly or something like that.