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"The most beautiful deleveraging," says Ray Dalio, describing the action in the U.S. economy....

"The most beautiful deleveraging," says Ray Dalio, describing the action in the U.S. economy. Europe? "Ugly." American policymakers have gotten things right by mixing debt restructuring with injections of cash to keep demand growing, he says, and the ECB's recent move to money-printing leaves him more optimistic about the EU.
Comments (1)
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    so wealth destruction is now "beautiful?" what about all the lost homes, lost businesses, lost jobs, destroyed retirement accts?
    american policy makers have gotten things right? we're BK and the fed is buying our debt
    9 Mar 2012, 04:08 PM Reply Like
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