Ray Dalio Discusses Major Financial Crises (Podcast)
Masters in Business
00:00
Corporate Debt and Government Debt Are the Biggest Problems
Household, corporate and government debt are the biggest problems. The bottom 30% of companies issuing a lot of debt is "of dubious serviceability in the future," he says. He argues that when interest rates were lowered to a level below the return on equity, it paid to have buybacks or to make acquisitions.
Play episode from 36:26
Transcript
