Daliyah: I think it's quite right about a lot of the problems that China has and I think Dahlia is looking in in the mirror about China going forward. He says he agrees with a lot of his sort of critiques of the demographics there but just doesn't see how he comes to that conclusion. On the other hand you have Daliyah who thinks China's the bees knees and it's on the cusp of winning in America's declining empire. Although his arguments for why America's declining are really lacking in substance like oh America has a debt problem.
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Ray Dalio, founder of Bridgewater Associates, has written several books on the world of investing and the economy in general based on his years of experience as manager of the world’s largest hedge fund. In the latest of his ‘Principles’ series, Dalio applies his quantitative approach of macro investing to analyzing countries, seeking to identify the factors that lead to strength such as education and work ethic, as well as lagging indicators such as a reserve currency that allow a country to spend beyond its means but ultimately presage a fall from dominance. Notably, Dalio sees China’s rise to the top of global power as likely, with America, while ahead, slowly declining. Tonight we debate the merits of his analysis, as well as the overall validity of a global macroeconomic approach that overlooks key factors such as demographics in forecasting long term power status.
