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Ray Dalio
The David Rubenstein Show
Are You Anticipating a Recession Now?
In 2007, it was pretty easy to calculate that there were these debts that were going to come due. And so that sort of debt crisis was something we anticipated and we were positioned well for. When I go through those calculations, it's not the same. It looks more like a gradual squeeze having to do with quite a lot of debt ... pension liabilities and healthcare particularly as that produces a greater squeeze.
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