Cookies are disabled in your browser

This site is not viewable without cookies, and your browser currently has cookies disabled. Please enable cookies and refresh the page to properly view this site.

Disclaimer & Agreement

Bridgewater Associates, LP is a global investment management firm. Bridgewater Associates, LP advises certain private investment funds and institutional clients, and is not available to provide investment advisory or similar services to most other investors. This website is a resource for audiences other than investors such as potential employees, researchers, students, counterparties and industry participants. Bridgewater Associates, LP believes it is useful for such persons to have an accurate source of relevant information. Under no circumstances should any information presented on this website be construed as an offer to sell, or solicitation of any offer to purchase, any securities or other investments. This website does not contain the information that an investor should consider or evaluate to make a potential investment. Offering materials relating to investments in entities managed by Bridgewater Associates, LP are not available to the general public.

To view this content, you must agree to the following terms, in addition to and supplementing the Bridgewater Terms of Use and Privacy Policy:

I confirm to Bridgewater Associates, LP and agree that:

  • I am entering this website only to obtain general information regarding Bridgewater Associates, LP and not for any other purpose.
  • I understand that investments managed by Bridgewater Associates, LP are not available to the general public.
  • I understand that this website does not contain the information I would need to consider for an investment, and that such information is only available to a limited group of persons and institutions meeting specified criteria.
  • I understand that this website has not been reviewed or approved by, filed with, or otherwise furnished to any governmental or similar authority, and is intended only to provide limited information to members of the public who have a legitimate interest in that information for reasons unrelated to making investments.
  • I understand that when Bridgewater Associates, LP makes third party information available, Bridgewater generally will not have verified statements made by the third party, and the presentation of information may omit important information.
  • I understand that third party materials such as live interviews made available by Bridgewater Associates, LP generally will not have been edited by Bridgewater and statements in those materials by individuals associated with Bridgewater should be understood in the conversational context in which they were made, which may include providing historical background.
  • The content constitutes the proprietary intellectual property of Bridgewater or its licensors and that I will not directly or indirectly copy, modify, recast, create derivative works, post, publish, display, redistribute, disclose, or make available the content, in whole or in part, to any third parties, or assist others to do the same, or otherwise make any commercial use of the content without the prior written consent of Bridgewater.

By registering my information below and clicking "Agree," I certify that I have read, understand and agree to the foregoing Disclaimer, Terms of Use and Privacy Policy.

Cancel

Research Library

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
Our Biggest Economic, Social and Political Issue; The Two Economies: The Top 40% and the Bottom 60%

Chinese-American Misunderstandings, Disputes, and Wars

Daily Observations | June 2018

In these Observations, Ray Dalio shares his thoughts on the evolving trade dispute between China and the US, and the fundamental differences in values and approaches that lie beneath the conflict.

A Top-Down Look at the Chinese Equity Market

Daily Observations | April 2018

Within a decade or so there is a high likelihood that the Chinese equity market will be on par with the US and European equity markets in terms of its size and importance to global investors. With this in mind, a top-down view of the Chinese equity market in relation to the US and Europe shows similarities in their fundamental drivers and important differences in how things are playing out.

Inclusion of China in Bloomberg’s Global Aggregate Bond Index Boosts Pressure on Investors to Figure Out How They Will Deal with the Opening of Chinese Markets

Daily Observations | March 2018

Most global investors have very small allocations to China that do not appropriately reflect the size and importance of the Chinese economy or its assets. We expect that will change significantly over the next few years, and we would encourage investors to think proactively about the exposure they want to China now.

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.

The Opening of Chinese Credit Markets Means That Foreign Investors Can Build a Balanced Portfolio in China; This Will Be a Big Deal

Daily Observations | September 2017

China is in the process of opening up and restructuring its capital markets, and its markets are on pace to become some of the most important liquid, publicly traded markets in the world. As the credit markets open up alongside the equity markets, there is a greater ability for investors to create balanced portfolios of Chinese assets.

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.

This website uses cookies. Click here for additional details. By continuing to use this website, you consent to the use of cookies.