Let's hope this time will be different
Quote:
Originally Posted by
JBmurc
Yes all histrionic factors are pointing towards crash and depression followed by major power War .....I try not to think about it to much
hope it will be different this time
That is what Ray Dalio is saying too
https://www.businessinsider.com.au/r...18-9?r=US&IR=T
- Hedge fund legend Ray Dalio says the economy looks like it did in the late 1930s in many ways: interest rates hit zero in the early stage of each crisis, asset prices are near full capacity, interest rates are still low, the wealth gap has widened, populism is on the rise, and global tensions are rising.
- Dalio says: “We’re in the later part of the cycle, the part of cycle in which monetary policy is tightening and there’s not much capacity to squeeze out of the economy.” He expects a downturn in roughly two years.
- Dalio says the way to handle the situation so we don’t repeat the late ’30s and ’40s is to make sure that capitalism works for a majority of the people.
- Dalio goes on to say it’s not just about a wealth gap but also an opportunity gap. He calls the issue a national emergency.
“And we have a political situation in terms of having more of a conflict between the rich and the poor, which is bringing out a populism. Populism around the world is the selection of strong-minded leaders who are – sort of take charge, but tend to be more nationalistic. And so, we’re in that type of position.
Blodget: And you’ve written extensively and absolutely about what happened after 1937, which is we went through a real surge of populism and nationalism, and got to World War II, and all the horrible things that happened there. What do you think happens now, given where we are?”
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