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There are many other parallels that can be drawn between the 1930s and the 2010s. Ray Dalio's theory about long term debt cycles explains this in a non-ad-hoc w
by jakecrouch 9y ago
There are many other parallels that can be drawn between the 1930s and the 2010s. Ray Dalio's theory about long term debt cycles explains this in a non-ad-hoc way - every 50-75 years an economy's debt becomes too high and must be deleveraged. In a globalized economy this will happen to many countries at the same time and lead to tensions between debtor and creditor countries.
- golergka 9y agoI had a feeling that another World War is long overdue. At least this time we can hope to get it over with a bit quicker.
- jakecrouch 9y agoThis is a legitimate concern. The Revolutionary War, Civil War, and World War II are all spaced roughly 80 years apart, and all coincided with deleveragings.