Ray Dalio & Larry Summers – Fed Faced With A Difficult Choice

Thursday, November 21, 2013
By Paul Martin

November 21, 2013

Today KWN is pleased to share an incredibly powerful piece from 50-year veteran Art Cashin, who is Director of Floor Operations at UBS ($650 billion under management). Cashin covers one of the greatest dangers facing the financial system today, with input from Ray Dalio and Larry Summers.

By Art Cashin Director of Floor Operations at UBS
November 21 (King World News) – “Great Minds Think Alike – Or – Is The Fed Ineffective – A great discussion has erupted almost as if by spontaneous combustion. And, it involves some pretty keen minds as did the simultaneous – but separate – development of The Calculus by Isaac Newton and Gottfried Wilhelm Leibniz. This one concerns the ineffectiveness of monetary policy in snapping the economy back into “normalcy”.

For the first great mind, let’s cite again Ray Dalio as I did back on November 12th:

The Fed Under Stress – Part II – From Ray Dalio’s letter last week (courtesy of another old friend, John Mauldin):

The Rest…HERE

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