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VisualMod t1_jdy29oo wrote

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Total Submissions 1 First Seen In WSB 1 week ago
Total Comments 3 Previous Best DD
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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.
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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.

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moonguh t1_jdy67xj wrote

Money is a zero sum game. It's impossible for everyone to lose money.

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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

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legbreaker t1_jdy8yx2 wrote

Replying to moonguh (#2,406,105)

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.

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Gandalftron t1_jdy9w8y wrote

Replying to moonguh (#2,406,105)

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.

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Theta_Ome t1_jdybetl wrote

Has anyone checked his balance sheet? His China exposure has to be ungodly

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cbryantm t1_jdyh32w wrote

Replying to moonguh (#2,406,105)

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.

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moonguh t1_jdyiaxv wrote

Replying to cbryantm (#2,407,654)

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.

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VisualMod t1_jdynhon wrote

#Submission Vote Removed This submission was voted spam. ##Reasons

Misuse of Discussion flair

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