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#620 - Ray Dalio - How To Prepare For The Changing World Order

Modern Wisdom

CHAPTER

The Importance of Supply Demand in the Global Economy

There's a business cycle or short term debt cycle, I call it. We are now about halfway through this cycle in which central banks did the stimulation inflation rises. They tightened monetary policy and we're in the phase of the cycle where there is going to be then the cracks occurring. The internal conflict influence is bad and you have a lot of populism. So populists are people who will fight to win at all costs. And that becomes a dangerous set of circumstances. If we take the next, uh, let's call it one, two, three years, I think that those are going to be, uh, riskier years.

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