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‘World Repeating Japan’s 1997 Mistake’ Interview from CNBC

In Articles on August 15, 2011 at 5:14 pm

I recalled in one of Ray Dalio’s interviews he opined that in the bipolar world, where there is a sharp divide between developed debtor countries (those who can and cannot print money; the latter the example of the U.S., and the former the examples of Portugal, Ireland, Greece and Spain) and creditor countries like China and Brazil. Debtor countries who don’t have independent monetary policy and can’t print money will need to restructure their debt and those who can will devalue their currencies. Creditor countries will need to revalue their currencies in order to have independent monetary policies.

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