What coronavirus means for the global economy with Ray Dalio
The TED Interview
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Do You Think We're in a Global Depression?
Do you think we're headed into a global depression? Yes. But i want to be careful about what i the word is, e im the word is an avocative word and it can be sary and so on. We've seen that happen repeated in history. You saw it many, many times. It's just the most recent one. And there's a structure to that. So yes, this is not a recession. This is a breakdown, an operation that i'm just describing in terms of how it's dealt with the production of money and credit and all of that. That's what we're in. O k, do i think that'swhat we're in? Yes...
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