Monthly Archives: October 2013

Mini-Documentary – How The Economic Machine Works by Ray Dalio

This is a great 30-minute cartoon documentary that explains quite well the credit cycle that in turn drives the economic/business cycle. All sophisticated and advanced readers can easily skip it, but is highly recommended for the less sophisticated. Notice at the end that deleveraging is a process that takes a decade, not a year or two: http://www.youtube.com/watch?v=PHe0bXAIuk0 

David Stockman – The Keynesian State-Wreck Ahead: Sundown In America

This is a very long, but extremely well written essay that covers the ugly truth the state of the U.S. economy, the built-in corruption, and the the welfare for the ultra-rich: http://www.zerohedge.com/news/2013-10-05/david-stockman-explains-keynesian-state-wreck-ahead-sundown-america