RAY DALIO: US economy looks like 1937 and we need to be careful

Business Insider CEO Henry Blodget spoke with Bridgewater's Ray Dalio about the current circumstances of the US economy.

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[ronjasonaborita]

Y'all don't know, but Ray Dalio has the talent of recalling what happened in the economy through the years as he have studied them extensively. It's not just about your "google search" lol

[northerniltree]

The Hindenburg crashed and burned in 1937. The stock market crashed in 1929. If you take the mean equivalent of the disparity between rich and poor and you divide that by the square root of the speed of light, you begin to realize that it's time for another beer, which are often sold in 24 packs which equal one beer per hour on any given day.

[agrxdrowflow]

History runs in cycles. A primary cycle is the 80-year "Generational Theory" documented by Strauss and Howe. We are exactly 80 years past 1937. The Fed tightening is right on time. And guess what happened in 1939! (Hint: Hitler invaded Poland and kicked off WWII.)

[joevignoloru]

The French had a solution to this problem back in the 1700's. The guillotine.

[Achrononmaster]

Naturally plenty of things will not look similar, but a lot of what matters does look like the 1930's. If you look at private debt to GDP ratio it is alarming, almost like no one really woke up in 2008, just hiccuped then went back to sleep in debt.

[shaunakbaradkar]

And all that makes more sense now as we are going down in short-term debt cycle due to economy crashed by the coronavirus.

[ryanmelikian]

1:22 I don't know Mr. Dalio personally, but I've noticed that he pointed to himself before bringing up the top 1%. It shows great character of self-awareness and certain degree of integrity. Most wealthy people are indeed very hypocritical usually discussing subjects from a observer perspective and excluding themselves from potential controversy

[StephenDoty]

He's basically saying like William Shatner, "Name your own price... for airline tickets!"

[jeffharbaugh]

"What can I do"?

According to the experts you should:
1. Garden with sustainable agriculture techniques (less pesticides and fertilizer (organic or better yet permaculture)).
2. Buy food and manufactured goods made locally
3. Pay down debt
4. Learn skills they will be useful in the future and make friends that have useful skills you don't have (related to providing food, water, shelter, and medical care. A necessary skill is organic/permaculture gardening/farming). Very important: medical skills are the best way to ensure your survival. All others will gladly sacrifice their life to protect your life, so you are around to use your medical knowledge to keep their families alive.
5. I recommend to invest some money into technologies to increase the "carrying capacity" of the planet (high risk investments);
A. decrease environmental impact per capital
B. alternatives for our food system input to improve production
C. alternatives to our current living arrangements,
D. alternatives to our plastics industry,
E. alternatives to disaster capitalism
F. "Savior technologies", ie faster-than-light travel, "game changer" technologies, ie Cold fusion energy & "delaying technologies", ie deep drilling technologies.

Google "2052 free book summary download", &


See the Facebook page: "National Geographic Collapse movie"

[bunagayafrost]

The major difference is, the populism chose FDR in the 30's(arguably Bernie equivalent economically) and today "we" chose lol

[pjamesbda]

2:00 Until we can get past the idea we can analytically sit and call haves and have nots by name and NOT realize EVERYONE in these positions (like Ray Dalio) are responsible and are actually perpetuating the inequality everyday.

[senantiasa]

Basically he's saying we have to be very careful....

[Johnconno]

1937? Ridiculous! Everyone dresses differently, the haircuts aren't all the same, men don't have to wear hats. Let's not even get onto cars...

[peteroneil]

I agree with the pension crunches coming.. all of these retired policemen. And retired teacher, and whomever else. - where is all this pension money going to come from ? States all over the country r broke as it is !

[TrendRain]

This guy says scarier shit than scariest movie

[StephenDoty]

2:29 Not just Demographics!
Republicans will affect it too! ;)

[nezra]

Ray Dalio, one person you should never ignore.

[leodahvee]

so much Ray Dalio videos in the last 24 hours

[saltydawgs]

I would love to sit down with this man and discuss on exactly what he sees and his mathematics vs. everyone else's who's confident the market will be fine, and that people have been screaming recession since 2018.

[skyworks]

Was Ray alive and trading in 1937 that he knows, amazing he travels in time...