Ray Dalio is warning that a dynamic capitalism is based on is crumbling. Speaking at The New York Times Dealbook conference last week, the head of the hedge fund Bridgewater Associates said that what lies ahead could be a real challenge for central bankers and the global economy. But right now, we're in the good part of the economic cycle. "Now, I think it's a good environment," Dalio said. "We’re long equities and we're holding those positions and it's a relatively good time. What I worry about is if we were to take it a year or two in the future, what the effectiveness of monetary policy will be, particularly in ... (full story)