Ray Dalio's Equity And Rates Exposure Summary Previously we presented Ray Dalio's macro exposure by way of Bridgewater's Pure Alpha FX positions as of May 31. Now, we show the big one: the fund's exposure in equities and rates. With 12% net exposure in the US and 7% in EM, one can see why for the past 6 months Dalio has been preaching the reflation trade, and why with EMs crashing and burning, Bridgewater may not have a great June. As for ...
June 21, 2013 - Zero Hedge
Is This Why The PBOC Is Not Coming To The Rescue? We have warned a number of times that China is a ticking time-bomb (and the PBoC finds itself between a housing-bubble rock and reflationary liquidity injection hard place ) but the collapse of trust in the interbank funding markets suggests things are coming to a head quickly. The problem the administration has is re-surging house prices and a clear bubble in credit (as BofAML notes that they ...
June 20, 2013 - Zero Hedge
Alex Salmond in Scotsman Mr Salmond said: "It is time for a major programme of reflation in the real UK economy to boost demand and confidence in the economy to give help to hard-pressed households and businesses. (The government] can start with a further and deep cut in...
JP Morgan in Reuters We reduced our Brazil position as the domestic trade is overowned, exposed to rising local volatility associated with the rate cycle, foreign exchange rate and asset reflation concerns, and presidential election noise,JPMorgan analysts, led...