What Just Happened.
According to Bridgewater Associates.
What follows are excerpts from “Daily Observations,” which are research reports and briefings on financial matters from Bridgewater Associates. Bridgewater describes itself as “a premier asset management firm, focused on delivering unique insight and partnership for the most sophisticated global institutional investors.” It is that. It is, in fact, the world’s largest hedge fund.
Bridgewater’s research “product” is consistently smart, data-driven and well-written. Yesterday’s and today’s efforts — ‘What We’ve Learned So Far from the Bank Run” — are no exception. So let’s get to it.
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