Ray Dalio provides investors with a framework to understand the possible economic scenarios that lie ahead, as well as the investment implications.
“What we learned from 2008 was that it’s not the size of the losses per se, but rather where the losses sit in the financial system,” says Adam Tooze.
Edward Altman says the benign credit cycle is in “extra innings,” but the metaphorical relief pitchers — central bankers — are running out of gas.
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