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- Ray Dalio explains why we may be repeating the mistakes of the 1930s Bob Bryan 15m 15
Ray Dalio explains why we may be repeating the mistakes of the 1930s Bob Bryan 15m 15
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Loading...Ray Dalio think that the world's current path is looking eerily similar to one of the worst decades in recent history.
The founder and former CEO of Bridgewater Associates, the world's largest hedge fund, said that the economic and political issues that are popping up around the world are similar to the problems experienced in the lead-up to World War II.
"In the 1930s, which is was quite similar to what a lot of the period we've been through economically," said Dalio. "We had the wealth gap, we had large debts, we had zero interest rates."
Given the devastating impact of the rise of populist leaders in the 1930s, Dalio said that the current rise of populist sentiment in the US and Europe should warrant scrutiny.
Dalio highlighted the rise of President Donald Trump and nationalist French politician Marine Le Pen, and said it is important to keep an eye on the institutions that undergird democracies in the US and Europe.
Source Business Insider
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