That’s billionaire investor Ray Dalio, founder of hedge-fund giant Bridgewater Associates, explaining in a Wednesday post on LinkedIn why the economy isn’t slowing more convincingly despite an aggressive round of Federal Reserve interest rate increases and other monetary policy tightening since March of last year.
“As a result of this coordinated government maneuver, the household sector’s balance sheets and income statements are in good shape, while the government’s are in bad shape,” Dalio wrote.
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