Ray Dalio: What Monetary Policy 3 Will Look Like

As Ray Dalio's end of the debt super-cycle is playing itself in real time, with upside and downside volatility playing itself out as predicted, he notes the impact of quantitative easing and monetary policy in general is having less impact the further into debt cycle the economy travels. There is still currency moves to take place -- and currency is perhaps the one area where stimulus will have the most significant economic impact.

If one is an investor or saver, these are difficult times as "pushing on a string" perhaps has multiple meanings -- the the specter of...