Economics and Investing:
Top hedge fund manager: Decade of doom ahead. “Ray Dalio, founder of the largest hedge fund in the world (Bridgewater Associates), said the world debt is so large it will take 10 years to de-leverage it — and “there are no more tools in the tool kit” to postpone the inevitable reckoning.” JWR’s Comment: I think two decades might be more accurate. Ben S. sent this: Purdue expert: Cost to grow crops to surge in 2012 Fed’s Yellen: QE3 May Be Warranted. JWR’s Comment: Of course they’ll do it. Free money is more addictive than crack cocaine. Over at Fierce …