"History doesn't always repeat, but it often rhymes."Ray Dalio often likes to talk about debt cycles.
Specifically, he has referenced that our economic climate can be compared to 1937.
Similarities:
Specifically, he has referenced that our economic climate can be compared to 1937.
Similarities:
- End of long-term debt cycle, interest rates approaching 0.
- Recent economic collapse (Great Depression of 1929-1932, Great Recession of 2008)
- Widening wealth gap, globally
- The rise of populism in many countries