What's Behind Dalio's "Dangerous Situation" Warning?

Hedge fund manager Ray Dalio has been studying the debt supercycle for some time. He is not the only hedge fund manager to do so, as both lesser known quantitatively focused firms as well as some of Wall Street’s biggest names have been modeling debt outcomes. As previously reported in ValueWalk, Citadel’s Ken Griffin, in an April 2014 speech at the Milken Conference, noted the topic that is actively discussed behind the scenes: an “implosion” date.  Tuesday at the Institutional Investor / CNBC Delivering Alpha conference, Dalio, the world’s largest hedge fund manager, who has a history of prognosticating on this topic, said the end of the debt gravy train is nigh.

[dalio]

Calling the current global debt environment...