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He's referred to 2008 as the end of the long-term debt cycle, and the ten years since then as the reflation period.
by tunesmith 7y ago
He's referred to 2008 as the end of the long-term debt cycle, and the ten years since then as the reflation period.
- dv_dt 7y agoI don't think he saw 2008 as the end as much as it was the start of the end game - the debts have definitely come to any sort of deleveraging beautiful or ugly, and certainly no resolution of the fundamental inequality the Dalio was identifying as a root concern.