Reprint: How the Economic Machine Works PDF

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QE3 was announced this week.  Understanding the implications on companies of the Federal Reserve’s commitment to accelerate money printing is tricky.  I’ll take a crack at it in the upcoming View from the Bottom in 750 words or less.  For a more thorough treatment, I must also recommend reading Ray Dalio’s “How the Economic Machine Works”.  If you have wanted to understand “macro” better, carve out an hour, this is your bible.

The PDF for “How the Economic Machine Works” is in the link below:

goo.gl/kQMLL

THIS ARTICLE REPRESENTS THE VIEWS OF BISHOP ROCK CAPITAL, L.P. AND SHOULD NOT BE CONSIDERED A RECOMMENDATION TO PURCHASE OR SELL A PARTICULAR SECURITY.

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