Bloomberg Invest Talks: A Conversation with Ray Dalio
36,597 views •Apr 15, 2020
“A much bigger event than the 2008 financial crisis and it is most comparable to the 1930-45 period of time.”
“It will be a new world order. The world won’t resemble the world that we’re used to – the world is going to change in various ways.”
“How wealth will change will be very big and different.”
“We have to think, though, about the consequences of producing all that money and credit…it’s just like the Great Depression…You have to operate in a way to save important things and you only impose a certain amount of suffering on people that they can bear otherwise you’ll have a revolution and you won’t have productivity.”
“It will be a big shift in wealth. It will be a big shift in where things go.”
“I see a very differentiated world…We operated in a world where we were globally connected…That world won’t happen again..."
He also thinks that emerging countries with a lot of debt are in for a bad time similar to the 1980-1990 debt crisis.
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