Bridgewater’s Ray Dalio Says ‘I’m Not Bearish on Stocks

I saw this interview on Bloomberg TV live this morning and do respect and agree with most of Ray Dalio's opinions on markets and debt cycles.  Normally, I would be suspicious of anything a manager of the world's largest hedge fund (Bridgewater) recommends, but Dalio is refreshingly candid in his analysis, which does include criticism of central bank monetary policies.

The interview might have been shocking or disappointing to most audiences, but it was very rational for me.  What was more revealing is the fact that Dalio explicitly said a 5%-10% allocation in gold is prudent for any asset portfolio diversification strategy.  Bloomberg conveniently left out that part of the interview in their article below.

The reasoning is crystal clear.  One of their "own" (i.e. revered financiers) went off the reservation and recommended gold.  Yet, while Bloomberg News published an article about the interview's contents, they conveniently refused to include that portion about gold in the article.  They covered diverse topics ranging from short-term debt cycles, long-term debt cycles, equities, credit, China, interest rates, the economy, monetary and fiscal policies, to inflation, but the article refuses to mention anything about gold, despite it being a core asset of Dalio's recommendation.

The anti-gold media bias is obvious for anybody alert enough to pick up on it--especially when coming from pro-Wall Street media propagandists like Bloomberg and CNBC.  That's exactly why I'm more thoroughly convinced than ever that gold's best days are ahead.

http://www.bloomberg.com/news/articles/2016-03-03/bridgewater-s-ray-dalio-says-i-m-not-bearish-on-stocks

New York Mayor Bloomberg imposes post-Sandy fuel ration

http://www.bbc.co.uk/news/world-us-canada-20262501

Why Bloomberg Is Not The WSJ

http://www.zerohedge.com/news/why-bloomberg-not-wsj

Romney Narrowly Wins Iowa Republican Presidential Caucuses

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/01/04/bloomberg_articlesLX9JUU0YHQ0X.DTL

The Bloomberg headline ticker tape mentions every single Republican candidate--except one.  Romney and Santorum deservedly share the headlines.  Gingrich gets mentioned for finishing 4th.  Perry gets mentioned.  Even Bachmann gets mentioned for finishing dead last.

But Ron Paul's name is not even mentioned in the ticker tape.  It just goes to show how much the status quo and power elite despise (and fear) Ron Paul as a potential presidential candidate.

Late edit:  Ron Paul finally gets credit for receiving 21% of the vote and for finishing 3rd.  Maybe Bloomberg is reading the blogosphere.  :-)

Fed Will Release Bank Loan Data as Top Court Rejects Appeal

What is the Fed and the Obama Administration hiding?

http://www.bloomberg.com/news/2011-03-21/fed-must-release-bank-loan-data-as-high-court-rejects-appeal.html

Perhaps the fact that foreign banks, hedge funds, and individuals may have also been bailed out is even more discomforting to the powers-that-be.

Secret banking cabal

To conspiracy theorists, the existence of a secret banking cabal is not news. What is shocking is the fact that a mainstream financial media outlet like Bloomberg would write about it. What is this world coming to? Will CNBC next expose the price suppression of precious metals in London and at the COMEX?

http://www.bloomberg.com/news/2010-01-28/secret-banking-cabal-emerges-from-aig-shadows-david-reilly.html

The idea of secret banking cabals that control the country and global economy are a given among conspiracy theorists who stockpile ammo, bottled water and peanut butter. After this week’s congressional hearing into the bailout of American International Group Inc., you have to wonder if those folks are crazy after all.

Wednesday’s hearing described a secretive group deploying billions of dollars to favored banks, operating with little oversight by the public or elected officials.

We’re talking about the Federal Reserve Bank of New York, whose role as the most influential part of the federal-reserve system -- apart from the matter of AIG’s bailout -- deserves further congressional scrutiny.

ARNA Q2 earnings report

http://finance.yahoo.com/news/Arena-Pharmaceuticals-prnews-3737388002.html?x=0&.v=1

Arena Pharmaceuticals, Inc. (Nasdaq:ARNA - News) today reported financial results for the second quarter ended June 30, 2010, and recent developments, including the successful Pre-Approval Inspection, or PAI, of the company's Swiss drug product manufacturing facility by the US Food and Drug Administration, or FDA.

"We have recently achieved a number of important milestones, including the establishment of an agreement with Eisai for the commercialization of lorcaserin in the US, the successful completion of the FDA's pre-approval inspection of our Swiss manufacturing facility and the publication of our BLOOM trial results in the New England Journal of Medicine," stated Jack Lief, Arena's President and Chief Executive Officer. "We are continuing to execute on our plans for lorcaserin as we prepare for the September FDA advisory committee meeting and potential regulatory approval."

See disclaimers in the side bar.

Disclosure: long ARNA sharews.

Lies, lies and more unemployment statistics

Uh-oh, more jobs were lost than what old official unemployment statistics showed. The new revision coming out this week will detonate like a big turd bomb.

http://www.bloomberg.com/insight/birth-death-model.html

Co-founder of Home Depot, Ken Langone

In this Bloomberg interview, he calls it as he sees it:

http://www.bloomberg.com/avp/avp.htm?N=av&T=Kenneth%20Langone%20Says%20U.S.%20in%20%60Horrible%20Economic%20Storm%27&clipSRC=mms://media2.bloomberg.com/cache/vY36ExWO8TB0.asf

We could use a little honesty from the government.

Jack Welch

The former General Electric CEO in a Bloomberg TV interview: "We are going to have increased taxes--and everyone will be taxed." He included companies, individuals, families.

Have a good July 4th weekend everyone.