The Chinese are pretty damn racist when it comes to you know their you know whites get criticized for this stuff but I think if you've been to China if you know Chinese people they're very proud of who they are. Japan ran into the same problems in the 1990s that China is going to go into soon and so does China demographically especially as well. The likelihood of America's prospects going forward are actually relatively better than they have been recently and I think China's are relatively worse than they havebeen recently. That's my take on the two comparisons what do you guys think?
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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.
