Salient to Investors:

Ray Dalio of  Bridgewater Associates said:

  • The euro will survive because austerity measures deterring growth will be balanced by ECB intervention, says southern Europe will suffer a managed depression lasting as long as 15 years.
  • Countries in northern Europe are more likely to leave the euro currency bloc than indebted countries in the south.
  • QE3 shows the Fed can’t lower interest rates to stimulate the economy.
  • All investors should own gold – Warren Buffett is making a big mistake by saying he won’t own gold.
  • The biggest risk is that an economic meltdown will trigger social unrest.

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