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Translated by: Himalaya UK – Badman

Recently, Dalio, founder of Bridgewater Investments, said in an interview with The Paper, regarding the logic and trend of this round U.S. inflation, the reason of inflation is that the amount of money and credit is far greater than that of commodities and service.  While part of the reason is supply chain issues, much of it is huge debt and QE.

Ray Dalio, the founder of Bridgewater Investment
Image Source: WSJ

Dalio said, in the future, large deficits will generate more debt.  While the Fed is trying to tighten money and credit, it will hurt the economy.  This will lead to stagflation, which is likely to be worse than in 1979, because debt is higher today.

Paul volcker, former Fed Reserve Chairman
Image Source: federalreservehistory

By of the close of U.S. stocks on the 6th, the Dow fell 98.60 points, or 0.30%, to 32,899.37 points; the Nasdaq fell 173.03 points, or 1.40%, to 12,144.66 points; the S&P 500 fell 23.53 points, or 0.57%, to 4,123.34 point.  Among them, the Nasdaq fell for five consecutive weeks, the longest record since 2012.


Edited and Proofread by: Linda Progress
Posted by: Peter Chen

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