Mar 14, 2011

Ray Dalio calls for a "seismic shift" in international monetary policies

I believe that sometime in the next 18 months, we will probably have a seismic shift, very similar to the Bretton Woods breakup in 1971, in which linked monetary policies and linked exchange-rate policies come undone. The pain of holding them together is going to be terrible, and that's going to create the seismic shift

~Ray Dalio, founder and CIO, Bridgewater Associates, Barron's Magazine interview, March 12, 2011

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