Barron’s: You’ve called the current phase of the U.S. deleveraging experience “beautiful.” Explain that, please. Dalio: … There are three ways to deleverage. We hear…
By Michael HudsonU.S. and foreign stockmarkets continue to zigzag wildly in response to expectations about whether theeuro can survive, in the face of populations suffering under neoliberalausterity policies being imposed on Ireland, Greece, Spain, Ita…