Bridgewater Associates, based in the US and founded by Ray Dalio, is a global macro investment management firm. A recent post on youtube.com, titled How the Economic Machine Works, is worthy of a look. Dalio’s 30 minute video provides a simple framework for understanding how the economy works with a particular focus on credit cycles over the short, medium and long term. We encourage you to find the time to view his work as it provides a big picture perspective on what is often a difficult subject to grasp. Suffice to say that we will leave it up to you to form your own conclusions on viewing. Enjoy!