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#620 - Ray Dalio - How To Prepare For The Changing World Order
Modern Wisdom
The Fed's Messaging About the Soft Landing Thing
The big issue is that a lot of debt was created. A lot of it is government debt, but it was also corporate to a lesser extent household debt. So I think you're in the part of the cycle where you've had the tightening and the dominoes are beginning to fall. And I think that that's going to produce more problems.
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