Ray Dalio Discusses Major Financial Crises (Podcast)
Masters in Business
00:00
Corporate Debt Crisis
Is that echo boom, historically consistent? Does that always seem to happen after a debt crisis and collapsed? You always get, hey, things start to repair and here we go again or is this kind of unique to? Well, you always you always go through the cycle. And so when you're when we are in a position where we're nine years into the expansion and central banks have bought 15, 16 trillion dollars worth of assets and made that cheap, you then mechanistically have what you're calling an echo boom. The big boom that has taken place. And that always happens. That's why you always have cycles.
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