Tend to agree with Dalio's view on long-term debt cycle ending now. Here's 
DJI during great depression and now. The world is much faster and I don't think will see a 3 year 90% decline but if we WILL need to reinvent the economy machine, the drop should be significant and bear market severe.
Keeping my bias neutral for now.
DJI during great depression and now. The world is much faster and I don't think will see a 3 year 90% decline but if we WILL need to reinvent the economy machine, the drop should be significant and bear market severe. Keeping my bias neutral for now.
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