As I write this, the euro and the US dollar have reached parity. I am completely unsurprised that legendary hedge fund manager and geopolitical tzar Ray Dalio’s firm, Bridgewater Associates, has decided to create a $10.5 billion short of Europe. The firm has nearly 30 publicly disclosed short positions on European stocks, from energy to biotech, SaaS and luxury goods. Basically, there is a short position on the entire European economy that appears on public markets. While there is a confluence of real geopolitical crises about to, or at least has partially started to, hit Europe (population decline, no real…
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