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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (135565)	9/15/2017 12:39:59 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217580

Many people are up for the adventure of living in different parts of the world during their career and they tend to get compensated well for doing so. The very last thing anyone with money in China wants is a young or old Chinese architect whose head is filled with the same old tired Chinese building designs. That's as old as civilization. When the wealthy in Europe wanted to display their wealth, fine engraved or hammered German-made gold plates were out of fashion replaced with porcelain plates and bowls made from exotic types of dirt and crushed rocks in far off Jingdezhen. Porcelain cost far more by weight than gold. That's the problem for most in the building industry, you have to go to where the building is taking place. And worse, building is cyclical so you'd best have savings or something else to do when no one is building. Before China was building cities, most of the big architecture projects were in the Middle East. The number of jobs like I had at a home builder, working in the headquarters in Westwood Village and flying the company jet out on a day trip to check what was going on where they were building are limited to just two floors of people out of the huge number who worked for the company. Out of 40,000 employees working for Chevron 4,000 got to work at the San Francisco headquarters. Huge additional numbers of people worked for contractors around the globe. Engineers graduate and go to work for a company like Bechtel in San Francisco, but within a few years find themselves in some place like Aceh Indonesia for 7 years building roads so the Indonesian government can get troops to remote parts of the island to control anti-government guerrillas faster. When I was young I was very certain I wanted to remain a palace courtier in some fashion. If you want to live in a particular place like "the palace", you have to think through what sort of career is going to continue to make you useful at the palace so you don't have to find yourself some place else. During the time of Caesar some people found lucrative careers in Rome but if you wanted to make your fortune you had better want to be in Londinium in Britannia or cities in Eastern Gaul like Lausanne.

To: TobagoJack who wrote (135565)	9/15/2017 4:55:28 AM
From: John Pitera	Read Replies (1) \| Respond to of 217580

Central Banks Edge Away From Easy Money as BOE Signals Rate Rise The Fed, ECB and BOE all appear to be on a similar path toward less accommodative monetary policy By Jason Douglas and Paul Hannon Updated Sept. 14, 2017 6:14 p.m. ET LONDON—*Three of the world’s major central banks* are moving in sync for the first time in years toward ending the postcrisis era of easy money, after the Bank of England signaled Thursday it is preparing to raise interest rates to restrain accelerating inflation in the U.K. The U.S. Federal Reserve is poised to start next week the process of *shrinking its $4.2-trillion Treasury and mortgage bonds amid solid if unspectacular economic growth* and the *biggest monthly jump in inflation since January,* and is tentatively planning to raise interest rates later this year if inflation keeps rising. Meanwhile, the European Central Bank is likely to announce plans next month for phasing out its bond-buying program in response to a buoyant eurozone economy. *If all three deliver, it will be the first time that they have moved together to withdraw stimulus since adopting extraordinary measures to revive economies scarred by the financial crises of recent years. Though the three central banks are moving in a similar direction, their motivations differ slightly. For the Fed and the ECB, improving growth has officials rethinking how much monetary juice their economies need* even though inflation has been puzzlingly low. In the Fed’s case, a pickup in U.S. inflation last month delivered the first evidence to support officials’ expectation that a slowdown in price pressures last spring would prove transitory. Until August, inflation had been muted for five straight months, prompting growing doubts over whether the Fed would be able to raise rates one more time this year, as officials had planned after increases in March and June. On Thursday, the U.S. Labor Department reported its consumer-price index rose 0.4% in August from a month earlier, the biggest jump since January. Excluding food and energy, so-called core prices grew 0.2%, the most since February. Futures markets responded by shifting to see a greater than 50% probability of another Fed rate increase this year, from less than that before the data release. The BOE faces a different problem: Britain’s decision to exit from the European Union last year is weighing on the economy in complex ways, including fueling an inflationary surge. The BOE held its benchmark interest rate steady at 0.25% following its September policy meeting but the rate-setting Monetary Policy Committee said in a statement that a majority of officials on the nine-member panel believe borrowing costs will soon need to rise to bring annual inflation back to its 2% goal. Annual inflation hit 2.9% in August. An interest-rate increase—the first in the U.K. in almost a decade—*is likely “over the coming months,” the panel said, if the economy performs broadly in line with officials’ expectations. Sterling rallied 0.9% against both the dollar and the euro to $1.33 and €1.12. U.K. 10-year gilt yields jumped too, rising from around 1.13% before the announcement to 1.18% shortly afterward. Those movements suggest traders and investors were surprised by the BOE’s statement, and now think a cut is a much more likely prospect in the near future. Paul Hollingsworth, an analyst at Capital Economics, said he thinks the BOE could act as soon as November. Fed officials next week are expected to announce the October start of a plan that will allow initially small amounts of Treasury and mortgage bonds to mature without any reinvestment. Any decision on additional rate increases isn’t expected until December. In Europe, the 19-nation eurozone economy has grown more strongly than expected this year,* shrugging off the uncertainty created by a series of elections in the Netherlands, France and Germany that threatened but failed to yield gains for anti-euro nationalists. The ECB’s economists now *believe the eurozone economy is on course for its best year since 2007,* reducing the need for support from policy makers. Much as in the U.S., though, inflation has yet to show signs of a sustained rise toward the central bank’s target, which is just under 2%. The BOE’s challenge is more acute. Growth in the U.K. has slowed, but inflation is accelerating, twin consequences of voters’ decision last year to leave the EU. Though it has made gains since the start of the year, the British pound remains down some 13% against the currencies of its main trading partners compared with where it was before the Brexit referendum. Sterling’s slide has fueled a surge in consumer prices in Britain’s import-dependent economy. Officials had believed the inflation gains would soon fade, allowing them to hold borrowing costs low to support a slowing economy. But in recent months, they have become increasingly concerned that subdued investment and feeble productivity growth are hurting the economy’s capacity to produce goods and services without causing inflation. BOE Gov. Mark Carney warned last month that this supply-side squeeze means interest rates may have to rise soon, and officials doubled down on that advice Thursday. They said growth in the U.K., though modest, has been slightly better than forecast, and that any remaining slack in the labor market that would normally keep a lid on inflationary pressure is diminishing more rapidly than they anticipated as recently as last month. “In order to *return inflation to that 2% target in a sustainable manner, there may need to be some adjustment of interest rates in coming months*,” Mr. Carney said in a broadcast interview aired Thursday. Minutes of officials’ deliberations showed the panel voted 7-2 to hold its benchmark rate steady. The two dissenters, Ian McCafferty and Michael Saunders, pushed for an immediate rise in interest rates. The BOE has a recent history of seeing its plans derailed by surprise developments, including last year’s vote to leave the EU. In response to the pound’s sharp fall in the wake of that decision, the BOE cut its key interest rate to a record low in August 2016, and restarted a paused program of bond purchases. With the U.K.’s departure from the bloc scheduled to take place in 2019, economists doubt the BOE will raise its key interest rate sharply if it does move soon. —Nick Timiraos contributed to this article. wsj.com

To: TobagoJack who wrote (135565)

9/17/2017 10:08:27 PM

From: John Pitera

1 Recommendation

Recommended By
marcher

Respond to of 217580

Ray Dalio Says He's Ready to Give Away Bridgewater's Secrets
By Erik Schatzker
September 17, 2017, 4:00 PM CDT

(editorial note by JJP: It's going to be very interesting to see .... what exactly Ray Dalio actually
gives to other companies / us....... He is a very iconoclastic individual)

Of all the hedge fund world’s secrets, few are more closely guarded than the inner workings of Bridgewater Associates Inc. Now, founder Ray Dalio plans to share his management system and corporate culture with the world.

“We’re about to take the algorithms we have, and we’re going to give them to others,” Dalio said in an interview with Bloomberg Television. “We’re figuring out how to make that fit in a number of other companies, to just pass it along.”

It’s a radical turn for a radical firm. The billionaire leader of the world’s largest hedge fund has developed one of the more unusual approaches to management, and more recently turned them into computerized apps. There’s the Dot Collector, which employees use to rate one another on a grid visible to the entire firm; the Pain Button, used to record emotions like anger or frustration; and Baseball Cards, a summary of each employee’s strengths and weaknesses -- again, available for all at Bridgewater to see.

Several large technology companies in Silicon Valley are eager to implement his ideas, said Dalio. He declined to name them and estimated the first roll-out is at least 18 months away.

“In Silicon Valley there’s more of that notion that there’s a power in crowd-sourced decision-making and that it is idea-meritocratic,” said Dalio. “Traditional organizations are more challenged by that.”

In Dalio’s view, most companies are “dishonest” or “dysfunctional” because they don’t let employees speak freely and decision-making is often clouded by emotion or swayed by internal politics. While cautioning that he hadn’t studied them closely, he named Twitter Inc. and Netflix Inc. as two he admires.

Years of secrecy have made Bridgewater the subject of fascination and skepticism. The firm’s practice of recording interactions among employees and encouraging junior staffers to criticize higher-ups in public drew comparisons to cult-like behavior, comparisons Dalio rejects.

“It’s the reason for the success that I’ve had, that Bridgewater’s had,” he said. “This is not utopian. This is realistic.”

Read more: In Dalio’s Quest to Outlive Himself, Principles to Become Law

Academics who studied Westport, Connecticut-based Bridgewater have praised its methods. Robert Kegan, a psychologist and professor at Harvard University’s Graduate School of Education, identified Bridgewater as one of the few “deliberately developmental organizations.”

Management DecisionsDalio, 68, details some of Bridgewater’s tools in his new book, “Principles,” which is being published this month. In it, he writes that he was motivated in part by Joseph Campbell’s studies in comparative mythology, specifically the final stage in a hero’s journey when the returning adventurer shares what he has learned.

The book also recalls the “breakthrough” moment in 2012 when Dalio realized Bridgewater could take the same approach to management decisions that it had taken for years with investment decisions:program them into computer algorithms.

"I am confident that it can be the same," Dalio told Bridgewater’s management committee in a Nov. 10, 2012, memo he called "The Path Out: Systematizing Good Management." "The only questions are whether it can happen fast enough and what will happen in the meantime."

Dalio is still figuring out exactly how to distribute his management tools. One thing he has decided: They won’t be a money-making business for Bridgewater.

— With assistance by Saijel Kishan

http://www.bloomberg.com/news/articles/2017-09-17/ray-dalio-says-he-s-ready-to-give-away-bridgewater-s-secrets

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This is an Oct 2011 interview of Dalio by Charlie Rose.....

I have only included a small except, ..... I throughly encourage all to read the entire inveterview ,as it is massively insightful..... those who have not studied the mistakes of the past are doomed to repeat them

http://www.siliconinvestor.com/readmsg.aspx?msgid=27726685

To: John P who wrote (12929)	10/26/2011 4:54:40 AM
From: John P	of 19959

CHARLIE ROSE: Ray Dalio is here. He is the founder of Bridgewater Associates. He created the investment firm in 1975 out of a two-bedroom apartment in New York City. Today the company managed roughly $125 billion in global investments. Its clients include foreign governments, sovereign banks, central banks and institutional pension funds. Over the last two years, Bridgewater ranked as the largest and best- performing hedge fund in the world. In 2010, his returns were greater than the profits of Google, Amazon and eBay combined. I`m very pleased to have Ray Dalio at this table for the first time to talk about a perspective on the global economic scene and a whole range of issues having to do with where we see ourselves and also a look at his own philosophy and what has informed his own opinions and the way he looks at the world. Having said that -- welcome. RAY DALIO: Thank you.

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Schism Atop Bridgewater, the World’s Largest Hedge Fund

Bridgewater Associates founder Ray Dalio and presumed heir apparent Greg Jensen called for votes on each other’s conduct; using the ‘Pain Button’

By
Rob Copeland and Bradley Hope
Updated Feb. 5, 2016 7:01 p.m. ET

Message 30447819

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Message 30592610

To: The Ox who wrote (18223)	5/22/2016 12:55:56 PM
From: John P	1 Recommendation Read Replies (2) of 19959

Big Hedge Fund Bridgewater Approved to Set Up Shanghai Subsidiary Company registers with $7.6 million in capital By JAMES T. AREDDY Updated May 16, 2016 10:59 p.m. ET SHANGHAI—The U.S. hedge fund Bridgewater Associates recently won approval to register a wholly owned subsidiary in Shanghai, providing new access to China’s often volatile financial markets for the large firm. Bridgewater founder Ray Dalio registered Bridgewater (China) Investment Management Ltd. on March 7 *with capital of 50 million yuan ($7.6 million)*, according to a filing at the Shanghai office of the State Administration for Industry and Commerce. Z-Ben Advisors, a Shanghai market research firm that tracks the investment-fund industry, pointed to the new registration in a report published on Monday.