Ray Dalio is Preparing for a Long and Painful Depression

By on February 11, 2009

In the latest Barrons, Ray Dalio, Chief Investment Officer of Bridgewater Associates and owner of an enviable track record gives his lucid views on the immediate future of the world economy. Dalio expects a long and painful debt restructuring. In this environment he expects the government to print money to ease the pain and favors gold as the dollar becomes devalued. Dalio sees the buying opportunity of the century in equities toward the end of this year, or more likely, in 2010.



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