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    A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.


    — Ray Dalio

    #austerity #balances #beautiful #certain #debt



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    Did you know about Ray Dalio?

    In 2012 Dalio was named in Time 100 an annual list of the 100 most influential people in the world assembled by Time. In both 2011 and 2012 he was included by Bloomberg Markets in its 50 Most Influential ranking. Ray Dalio (born 1949) is an American businessman and founder of the investment firm Bridgewater Associates.

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