The perma-bear gave an interview to Bloomberg on July 13th, 2011. He weighed in on the economic cycle.
 
 
Mastering the Machine: How Ray Dalio built the world’s richest and strangest hedge fund

Read more http://www.newyorker.com/reporting/2011/07/25/110725fa_fact_cassidy#ixzz1STYuZCOc