I 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,

I 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.