RAY DALIO SCENARIO - FEELS LIKE 1937?

"History doesn't always repeat, but it often rhymes."Ray Dalio often likes to talk about debt cycles.
Specifically, he has referenced that our economic climate can be compared to 1937.

Similarities:

• End of long-term debt cycle, interest rates approaching 0.
  
• Recent economic collapse (Great Depression of 1929-1932, Great Recession of 2008)
  
• Widening wealth gap, globally
  
• The rise of populism in many countries