FYI: Investors often evoke the old saying that history doesn’t repeat but it does rhyme. The problem is even when market scenarios do rhyme the differences far outweigh the similarities because every time is so different in the markets. Bridgewater Capital’s Ray Dalio has evoked the 1937 analogy for a few years now to describe the current market environment. While I have enormous respect for Dalio I wrote this piece for Bloomberg to discuss where this comparison goes wrong.
Regards,
Ted
http://awealthofcommonsense.com/2017/11/a-closer-look-at-ray-dalios-1937-scenario/
