Ray Dalio runs the worlds most profitable hedge fund. And he has a unhealthy love for bonds.

He was in Davos telling everybody the debt super cycle is ending. Well, what that means is that China’s debt cycle is ending. which is the third and final wave of the global financial crisis.

But it won’t stop the rest of the world from growing it’s GDP or stock markets.

This Blog is very good, and rebuts Dalio:

The USA’s Debt “Supercycle” Ended in 2007….

But even probably Dalios would admit that Brazilian government bonds are the best risk/reward right now. Not US treasuries.