| Paul Volcker was a hero and friend of mine – a role model with courage and intelligence. Now that we're talking about tight money and about him, I thought it might be a good time to pass along a conversation I had with him that gives you a flavor of what he was like as a person. I think it's a really good thing to have role models and heroes, which our society is lacking and in desperate need of. It’s also worth now looking at the actions Volcker took to break the back of inflation in the early 1980s. See the full conversation here: |
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
Wise and severe!
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It was necessary and is necessary now too! Good job
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Too bad j Powell doesn't have the balls to do this today
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Of course he can’t. It would cause an economic collapse all over the world. The main reason he doesn’t do it is because of the astronomical high debt countries have accumulated and continue to do so.
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Interesting Input, thanks for that :), but is the learning Intention, that the FED is raising interest rates too slow, or does It mean that the actual Inflation of about 8,5% will be much more sticky in the time Periode, than the most people expect? 🤔 … I dont even start to write about our european Central Bank which is now where near taming the €-inflation 😅 … Greets from Austria
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Youre right hahaha as a dutch guy it hurts my eyes to see ecb do nothing.
Problems are fking greece, spain,portugal, italy
These MFers should get their own currencies (stay in eu tho) so they can keep borrowing and inflating that loan. But dont make ecb print money for whole of europe because some countries want to inflate their debt. You and me need to carry that inflation burden. I hope you have your own home or stocks or gold man. Inflation is here foreever but these assets always grow harder over long ron.
Now… when money gets squeezed and rents go up it will be even more fun for these countries like 2008-12 were we needed to bail them out. Avi verdece tax money of the west!
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The GOAT Volker! RIP
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Volcker is not a good man. But he's an economics genius. Volcker's post-gold doctrine is THE reason America has been on top since the 1970s. If only the neocons and neoliberal morons in govt today weren't throwing it all away; for no good reason except dumb greed…
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$SKYH tothemoon this week
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Dear ray, please just tell the world exactly how the current financial system only makes the 1% richer. With your knowledge of finance, playing at the top, and history, im sure you have a good idea of whats going wrong.
Secure your wealth for your family and bring some light to humanity.
Btw im trying to reach the 1% of investing too. So this may sound hypocritical, but seeing these poor people stuggle every cycle because of similar mechanics makes me feel sick.
Same goes for contstant need for inflatian as way to stimulate productivity whilst we over consume as humankind and cause global warming.
This game of knowing how credit works and use it properly, how inflation is for the rich, using ducktape with pulling some fed/gov levers, rising taxes for deficits (and gov spending of course), greedy corporates who dont share with employees
Its all just a waste and doesnt bring this world could offer.
Please share what you know after preserving your family wealth from banksters..😇🙏
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buy bitcoin and you'll be safe.
trust me, once you buy a little you'll become interested in it and then you will realize what an absolutely perfect long term investment it is. its a risk off asset. trust me
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@ProjectNLlearned about many prjects and lost too much in crypto that im sticking to economics fundamentals and learning stock picking. Little bit crypto on side
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The exact problem we have now. Powell isn't taking aggressive action, as he's afraid to damage the unemployment rate, and kill Biden's only metric he can cling too as success. The eventual fallout will be harder in the end.
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What does this have to do with the upcoming American civil war?
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Paul Volcker is a legend
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Mr. Dalio, we hear your opinion frequently. When interviewing, ask a question, then remain silent.
Ask your editor to display charts and facts that support the talking points, as well as subtitles.
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Two legends.
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With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. I will be ''Retiring'' in two years and I have a goal of doing that with $1M. What measures can I take to ensure this?
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@Dr Rami going well for you so far? I’m certain you have someone guiding you or you’re a guru in the maket yourself.
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Definitely! I've been able to scale from $350K to $650K since April because a Helen Melissia Carneal my Financial-planner figured out Defensive strategies to protect my port-folio and profit from this roller coaster market.
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@Dr Rami that's heavy! keep it up, I could really use the exprtse of these advisrs, my port-folio has been down bad
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Thank you for this Pointer. It was easy to find your handler, She is really proficient and flexible. I left her a message stating my fin-goal
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Bot bot bot
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How much interest govt was paying, when interest rates were 20 percent, with fiat currency. Or else it was not possible with gold backed up currencies,to pay so much interest on huge govt debt.
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Historically, once inflation has gotten above 5%, it has never come back down without the Fed funds rate being raised above the CPI. We're either going to live through an exception, or we're going to see some of the highest interest rates in more than 3 decades.
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High rates and probably credit squeeze which may very well lead to enormous rrcession indeed
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I just realized Paul Volcker looks just like master Oogway from kung fu panda!
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What a title! Break my back daddy 🤣
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Did inflation come down because monetary policy , or was it a supply side response? Also wasn’t technology very deflationary?
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holy fk, i didnt know paul volcker was still alive
paul that too-afraid-to-upset-economy coward powell needs some schooling
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