The euro will survive, says Bridgewater Associates Ray Dalio. However, he does predict a...
Friday, September 21, 2012, 7:41 PM ETThe euro will survive, says Bridgewater Associates Ray Dalio. However, he does predict a “10 to 15 year managed depression” in Southern Europe, which he feels could be very dangerous. “I worry about another leg down in the economies causing social disruption because deleveragings can be very painful," Dalio says. “For example, Hitler came to power in 1933, which was the depth of the Great Depression, because of the social tension between the factions. So I think it very much is dependent on how the people work this through together and worry about the social elements.”
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