{"id":5439,"date":"2012-09-12T16:40:47","date_gmt":"2012-09-12T20:40:47","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=5439"},"modified":"2012-09-12T16:40:47","modified_gmt":"2012-09-12T20:40:47","slug":"conversation-with-bridgewater-associates-ray-dalio-credit-writedowns","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\/","title":{"rendered":"Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns"},"content":{"rendered":"<p>The video below is an in-depth full hour-long segment and well worth watching. Notice that Dalio sees the credit accelerator as a key component adding to aggregate demand and the key component that creates instability in that demand. Unlike traditional econometric models that do not use the debt and credit stock as a consideration for a flow variable like spending, yet again we see that someone who anticipated the crisis does.<\/p>\n<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"525\" height=\"296\" src=\"https:\/\/www.youtube.com\/embed\/SFaRazMpxcM?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p>via <a href=\"http:\/\/www.creditwritedowns.com\/2012\/09\/the-latest-conversation-with-bridgewater-associates-ray-dalio.html\" title=\"Credit Writedowns\" target=\"_blank\">Credit Writedowns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The video below is an in-depth full hour-long segment and well worth watching. Notice that Dalio sees the credit accelerator as a key component adding to aggregate demand and the key component that creates instability in that demand. Unlike traditional econometric models that do not use the debt and credit stock as a consideration for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[117,140,881],"class_list":["post-5439","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-accelerator","tag-aggregate-demand","tag-credit-growth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The video below is an in-depth full hour-long segment and well worth watching. Notice that Dalio sees the credit accelerator as a key component adding to aggregate demand and the key component that creates instability in that demand. Unlike traditional econometric models that do not use the debt and credit stock as a consideration for &hellip; Continue reading &quot;Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/12\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-09-12T20:40:47+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns\",\"datePublished\":\"2012-09-12T20:40:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/\"},\"wordCount\":86,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"keywords\":[\"accelerator\",\"aggregate demand\",\"credit growth\"],\"articleSection\":[\"Economy\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/\",\"name\":\"Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"datePublished\":\"2012-09-12T20:40:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2012\\\/09\\\/12\\\/conversation-with-bridgewater-associates-ray-dalio-credit-writedowns\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Conversation with Bridgewater Associates&#039; Ray Dalio &#124; Credit Writedowns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events. 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As regards demand stimulus, expansionary fiscal policy will not be punished by the\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6825,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/28\/an-italian-voter-speaks-out-on-the-real-reasons-italians-voted-for-grillo-credit-writedowns\/","url_meta":{"origin":5439,"position":1},"title":"An Italian voter speaks out on the real reasons Italians voted for Grillo &#124; Credit Writedowns","author":"Colin Twiggs","date":"February 28, 2013","format":false,"excerpt":"An Italian reader of Credit Writedowns explains: With this [Monte Paschi] scandal people started to realize that the right (Berlusconi\u2019s party) and the Left (Bersani\u2019s PD) are equally corrupt and are in politics to do favours for their friends.......People voted for Grillo because they are sending a message to Bersani\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1611,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/the-creeping-eurozone-credit-crunch-credit-writedowns\/","url_meta":{"origin":5439,"position":2},"title":"The Creeping Eurozone Credit Crunch | Credit Writedowns","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"During the 1997 Asian financial crisis, Japanese banks, getting killed with a falling Nikkei and their credit extended to Thailand and Indonesia, found that rolling off interbank lines to Korea the easiest way to shrink their balance sheets. American and European banks, not wanting to be the last out of\u2026","rel":"","context":"In &quot;Japan &amp; Korea&quot;","block_context":{"text":"Japan &amp; Korea","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/japan-korea\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1609,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/27\/quantitative-easing-andy-lees-ubs-credit-writedowns\/","url_meta":{"origin":5439,"position":3},"title":"Quantitative Easing!!! &#8211; Andy Lees, UBS | Credit Writedowns","author":"ColinTwiggs","date":"October 27, 2011","format":false,"excerpt":"The BoJ announced today that it will expand its asset purchase programme by JPY5trn (USD66bn), with all the purchases being directed at JGB's. Add that to the GBP75bn (USD120bn) by the BoE, CHF50bn (USD57bn) by the SNB and the EUR341bn (USD477bn) expansion of the ECB balance sheet since the end\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1363,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/17\/chart-of-the-day-greatest-credit-deterioration-focus-belgium-spanish-banking-credit-writedowns\/","url_meta":{"origin":5439,"position":4},"title":"Chart of the day: Greatest Credit Deterioration Focus &#8211; Belgium, Spanish banking | Credit Writedowns","author":"ColinTwiggs","date":"October 17, 2011","format":false,"excerpt":"As I said in July, I expect contagion to be a real concern regarding the dithering policy approach. I believe the sovereign debt crisis will continue to deteriorate further for just this reason. .....So, what happens is that the crisis rolls through. More and more countries in the euro zone\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1517,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/24\/france-appears-to-have-conceded-to-german-ecb-position-on-bailout-fund-credit-writedowns\/","url_meta":{"origin":5439,"position":5},"title":"France appears to have conceded to German-ECB position on bailout fund | Credit Writedowns","author":"ColinTwiggs","date":"October 24, 2011","format":false,"excerpt":"France appears to have backed down in the face of a German-ECB joint position that strenuously objected to the EFSF becoming a bank to borrow from the ECB. Instead, it appears that the insurance\/guarantee function of the EFSF is going to dominate. Although the situation still appears fluid, the momentum\u2026","rel":"","context":"In &quot;UK &amp; Europe&quot;","block_context":{"text":"UK &amp; Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=5439"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/5439\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=5439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=5439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=5439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}