Beautiful Deleveraging

This paper was published, in early 2012, by the brilliant Mr. Ray Dalio and, in my opinion, belongs in the category of Timeless Classics. Just as one of the other great classics ‘The Wealth of Nations’ by Mr. Adam Smith, which offers a much broader understanding of the nature of human behaviour, trade, and economics, Mr. Dalio’s piece offers a much broader understanding of one of the many pieces of a giant puzzle called the World Economy, the deleveraging process.

Please click here for a link to this masterpiece: An In-Depth Look at Deleveragings