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Ray Dalio: Principles for Dealing with the Changing World Order

Commonwealth Club of California Podcast

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The Great Debt Bubble and the Wealth Gap

In 2008, that s when we hit zero interest rates. And the cent and it had a lot of debt, a debt bubble. So that was the first time of the printing of a lot of money and the creating of that gap. That also contributed to a wealth gap because mechanistically, and I m more of a mechanic than an ideologue. The combination of the wealth gap and the jobs issue created the populism that really came to the surface largely with Donald Trump's election.

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