Ray Dalio has predicted that the US may be on the verge of another Great Depression caused by a “Big Debt Cycle.”
In this video we:
1) Summarize and explain in easy to understand terms his “Big Debt Cycle” theory
2) Analyze if his theory is plausible
3) Ask if the US really is at risk of a financial crisis
This video is a commentary on Ray Dalio and his book “Principles for Navigating Big Debt Crises.”
THE COMPLETE SERIES IN ONE VIDEO: At viewer request, this video includes all 4 episodes of the Ray Dalio Series recut into one video.
*Recommended Books To Learn More*
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Principles for Navigating Big Debt Crises by Ray Dalio
https://amzn.to/3sbNiWd
A Random Walk Down Wall Street by Burton G. Malkiel
https://amzn.to/3FLxIUk
3 Comments
Ray is a doomer but on this one he may very well be right – we have about 5 decades of debt to unwind and it wont be orderly – what to do about it? get out of debt, diversify your asset allocation, learn to grow your own food, learn how to do something valuable with your hands that people will need.
Recession-no! In-coming, international, global, irreversible, 1930’s style Depression!
This is mixing his central banking opinion with Dalios opinion as fact. The central planners didn't fail in the 30s due to a lack of action. The depression was amplified with an increase of central action