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Related: About this forumRAY DALIO: There is no longer any engine to drive global growth
(Business Insider) Ray Dalio, the leader of the world's largest hedge fund, Bridgewater Associates, is worried about growth in the global economy.
As he sees it, there is no "locomotive" to drive growth.
For the past few years, China has driven a third of all the growth in the world, but it's slowing down, which will act as a drag on global growth.
He's also worried about the effectiveness of monetary policy right now. He wonders whether it can do anything to spur growth.
.....(snip).....
Traditionally, the United States was a world locomotive. In other words when it began its growth, that would help to create exports to other countries. Since 2008, China represented a third of world growth, not only the growth in China, but their imports countries were benefiting from that growth that's what I mean by a locomotive. And right now, the world doesn't have a locomotive they don't have a country that is driving world economic growth................(more)
http://www.businessinsider.com/ray-dalio-global-growth-2016-1
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RAY DALIO: There is no longer any engine to drive global growth (Original Post)
marmar
Jan 2016
OP
Nay
(12,051 posts)1. It's too bad that the idea of "saving the human race from extinction" can't be
an engine. But that probably wouldn't make somebody somewhere a lot of money.
Ghost Dog
(16,881 posts)2. Yeah. Responding to environmental & social imperatives
is the new locomotive, requiring a completely new concept of the meaning of (healthy) 'growth' (ie. progress).
Warpy
(111,256 posts)3. Not until and unless the policies of austerity and wage depression
as ways to control inflation are finally abandoned. They don't control inflation. They just kill thriving economies.
antigop
(12,778 posts)4. instead of paying CEO exorbitant salaries and buying back stock...
how about increasing worker salaries and wages?