August 22, 2019
A debate that could determine whether our economic future is prosperous or impoverished has taken place between Ray Dalio and John Mauldin, two of the world’s most influential economic thinkers. The debate can be summarized as: MP3 vs. VAT. Ray Dalio, the founder of the legendary hedge fund Bridgewater Associates, published two articles in which…
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August 13, 2019
On August 5th, the Chinese Yuan fell below Yuan 7 per Dollar for the first time in eleven years. Later that day the US Treasury Department designated China a currency manipulator. Financial journalists around the world concluded that these developments signaled that the US-China Trade War had expanded into a Currency War. Some journalists argued that…
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August 9, 2019
Capitalism didn’t exactly die. It just evolved into a very different kind of economic system: Creditism. I discussed the evolution of Capitalism into Creditism recently with Cris Sheridan for the Financial Sense Newshour podcast. In fact, the first half of our conversation could be called Creditism 101. I highly recommend it because it is impossible to…
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August 3, 2019
An extraordinarily important debate has taken place between two of the world’s most influential economic thinkers: Ray Dalio, the founder of the legendary hedge fund, Bridgewater Associates, and John Mauldin, the publisher of “Thoughts From The Frontline”, one of the world’s most widely read financial newsletters. This debate can be described as: MP3 vs. VAT…
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