From my friend Tom Romero: "Below is a link to an hour-long conversation with Ray Dalio that was recorded Wednesday of last week. The interview is moderated by Maria Bartiromo of CNBC. For regular readers of Bridgewater Associates Daily Observations, I think you will find this interview to have a rich trove of insights from Mr. Dalio. I think you will find it fascinating to listen to him describe a deleveraging process. The only negative is that I find Maria Bartiromo to have an annoying interviewing style. I continue to be focused on trying to better understand what a 'beautiful deleveraging' looks like. In my 'humble' opinion, the interview is worth spending some time with if you want to really understand what is going on out there in our domestic and the international economy. No one I follow has a better handle on this than Mr. Ray…" http://tinyurl.com/95egb77