Throughout our history, Bridgewater has focused on building the best possible understanding of global economies and markets. These unique insights drive our innovative investment management, inform global economic policy, and deliver returns for our clients. Here is a collection of our best thinking and insights so you can learn more.
Daily Observations is Bridgewater's flagship research publication. For over 40 years, it has grown to become a daily must-read analysis for thousands of investors and policy makers around the world. Here are a few examples of our research.
Our Biggest Economic, Social and Political Issue; The Two Economies: The Top 40% and the Bottom 60%Daily Observations | October 2017
Today, wealth and income skews are so great that average statistics no longer reflect the conditions of the majority of Americans. To give you a sense of what the picture below the averages looks like, we broke the economy into two economies—that of the top 40% and that of the bottom 60%.Read
It’s All Classic: the Main Questions are About the Exact Timing and What the Next Downturn Will be Like
Daily Observations | February 2018
In these Observations, we put what’s been happening in markets recently within the context of the classic short-term debt/business cycle.
How the World Is Changing: The Secular Picture
Daily Observations | January 2018
As we begin a new year, we wanted to step back and take stock of how unusually fast the global economy has changed over the past 15 years or so. Where growth is occurring and where wealth is held have moved so radically that relying on past market experiences to determine what is important to the global economy is particularly dangerous.
The Macro Implications of the Push Toward Electric Vehicles
Daily Observations | August 2017
The global push toward electric vehicles illustrates how technology can radically reshape entrenched industries (sectoral winners and losers), geopolitics (regional winners and losers), productivity, economic growth, and of course demand for extractive commodities (particularly oil). Today’s Observations looks at the implications for growth and oil demand.
Understanding the High Returns in a Low Return Environment
Daily Observations | March 2017
Since the global financial crisis, most global asset portfolios have performed extremely well, and we are worried that this performance is creating complacency about future returns. While backward-looking returns of a traditional portfolio are near all-time highs, forward-looking expected returns are near all-time lows.
Populism: The Phenomenon
Daily Observations | March 2017
This report is an examination of populism, the phenomenon—how it typically germinates, grows, and runs its course.
Three Questions That Every Fund Should Ask Themselves
Daily Observations | July 2015
Stepping back from the market action, we want to pause for a moment and share some thoughts about longer-term investment strategy that have been part of our recent client conversations.
A Modern Day D-process: A Less Traumatic Result Will Result From Increased Dosages of Money
Daily Observations | April 2009
For the first time in history central banks (most importantly the Fed) are producing enough money to make up for contracting credit as an antidote to the D-process.
The Biggest Mistake in Investing
Daily Observations | April 2004
We generally use this communication to comment on the economies and markets, but today wanted to make a brief comment on investing.