In this video, we bring you the highlights of an interview with Ray Dalio, the billionaire founder of Bridgewater Associates, the world’s largest hedge fund. He discusses his views on the global economy amid the pandemic and why he’s worried about the U.S.’s ability to compete with China.
Dalio sees the closest parallel to the world’s current economic situation as the Great Depression, the worst economic crisis in American history. Much like with the Great Depression, Dalio predicts that its downturn will require a recovery period of several years.
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“We’re At The End Of A Cycle” These 3 Forces Haven’t Existed In Our Lifetime Before, Ray Dalio Warns
0:23 – The influence of monetary policy and its relation with the wealth gap cycle
1:03 – Why we are at the end of the cycle & how the economy and markets are driven by the central bank in coordination with the government
1:35 – How the Federal Reserve sets interest rates for different types of creditors
2:25 – Why there is a real economy with supply and demand & a financial economy
3:05 – How printing money has been done throughout history
3:43 – What are reflation assets, and how they are different from inflation assets
5:00 – The real question: what the value of money is, and what are the limits?
5:32 – What is currency defense
6:14 – The three big forces that haven’t existed in our lifetime before
6:40 – The three stages in monetary policy
7:16 – What happens when interest rates stop being effective and hit zero like in the 2008 financial crisis
7:24 – Monetary policy 2: printing of money and buying of financial assets & the challenge of competing with China as a highly fragmented society
Ray Dalio is the author of the 2017 book Principles: Life & Work, about corporate management and investment philosophy. It was featured on The New York Times bestseller list, where it was called a “gospel of radical transparency.”
#RayDalio #StockMarket #FinancialEducation
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