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#43 Ray Dalio: Principles: Life and Work
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What a Sure Bet the Nifty 50 Is?
He says, stocks were in again in 1972. And the fashion of the time was the nifty 50. The inflationary surge that followed the breakdown of the currency system sent commodity prices even higher. In response, the Fed-Titan monetary policy, this in turn caused the worst decline in stocks and the weakening of the economy since the Great Depression.
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