Ray Dalio Finally Explains The Big Debt Catastrophe

Ray Dalio Finally Explains The Big Debt Catastrophe

Raymond Thomas Dailo is an American Investor Billionaire and Hedge Fund Manager, He has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He has authored books - Principles for navigating big debt crisis, Principles for dealing with the changing world order: why; and so on.
An Economy is not a complicated thing, it just has a lot of moving parts. But the basic is that there’s a transaction. And that transaction simply means somebody makes a purchase; They make a purchase of a good, or a service or of financial assets, that purchase can be made with money or credit. If money -n when you make a purchase with money - you end the transaction, you don’t know anything. When you make it with credit, then there’s a liability you have to come up with the money, because a credit, like debt is an obligation to deliver money.
So, there’s a basic transaction. They are spending. in other words, the total amount of money and credit spent on a good or service; and then there’s the item that you are buying, a stock, a bond, a car, a bushel of wheat; there’s that transaction. Demand is best measured in terms of spending. You know, I think in traditional economics, it’s a mistake to measure it in terms of the quantity of goods. What is give up in a purchase is money or credit.

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