Ray Dalio Quotes

The world is still in deleveraging.

Capitalism doesn't function when it starts to contract, and we can see that quite clearly right here in the eurozone. It's like pushing a giant monster under water that's gasping for air. It goes nuts.

The reality for us in America is that we will never get out of debt with more than 15 million people out of work.

The way you create deflation is you create an asset bubble.

During an economic crisis, what matters is that the government keeps its foot on the accelerator.

Depression is the aftermath of credit expansion.

I think if there's a great depression there might be some hope.

Spain is facing an economic situation of extreme difficulty, I repeat, of extreme difficulty, and anyone who doesn't understand that is fooling themselves.

This economy is on life support.

Our problem is not adopting reforms, which we will do without question. It is not reaching an objective, which we will meet. But it is finding an end to the recession.

There are different flavors of recession. You can get into some pretty dark scenarios pretty quickly.

Should that worse scenario materialize, then most probably our propensity to increase interest rates will be weaker.

Certainly, 9 percent unemployment and very slow growth is not a good situation.

Prices are going up. Unemployment continues to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system.

Listen, I wish economic growth only went in one direction. It doesn't. There are economic downturns. They're painful, they're harmful, and they hurt families.

Within a few months in 2008, household finances were crushed as asset values fell, millions of jobs were lost, countless credit cards were canceled, and thousands of homes were foreclosed on.

We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East Coast knows it. The West Coast knows it. North, South, old, young, everyone knows it's the worst recovery since the Great Depression.

Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.

Russia has gone through eight years of continuing economic pain.

I think we're going to have some difficulty in front of us. I have absolutely no doubt the next three, four years Europe are going to be at best stagnation. We are preparing for tough times.

At many points during our nation's history, there have been times - known in our history textbooks as 'panics' - when adverse conditions affecting the financial and economic sectors of the country have caused individuals to hoard more than they need.

Not every business cycle has a financial crisis. Frequently they do.

When our economy is not growing, those least able to look after themselves are the first thrown overboard ...

Europe is on an economic collision course with reality.

The bankers of the country are more to blame than are any other group for the present depression.