Recession? No, It's a D-process, and It Will Be Long

Feb 19, 2009 - m's in the spring of 2007 about the dangere ... You can describe a reiession as an economic reh*- ... declines;2009 and 2010 will be the yeus of.
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BARRON'S

February9, 2009

Interview with RaYDalio Chief Investment Officer, Bridgewater Asociates

andIt Will BeLong No, It's a D-process, Recession? m's in the spring of 2007 about the dangere of exessive {inmcial leverage. He counts mong his elients world govenments and centralbanks, m rell as Pension funds and endowments. No wonder. -The Westport' Conn.-based frm, whose malYses of world markets focw on credit ud cunencies, hx produced long-tem mnual returns, net of fes, avemging 15%.In the turmoil of 2008, Bridgewater's Pue Alpha l fund eained 8.7% netoffm and PueAlpha2 delivqed9,4%. Here's whath on his mind now. I cant think of anyone &ffi's: . who .wps.erlier in d .Gcribing i the d€leEiging and deflatiofi'ary p16