Dalio's "World order changes" that are underway
Ray Dalio has earned credibility by successfully building an investment company in the U.S. For some time, he has been publishing his methods and sometimes an opinion he has derived, for the benefit of the world.
Even Ray knows that it is impossible to accurately predict things but in this summary he notes "five big forces that have intensified to reach levels that are consistent with past big changes in the world order and are driving just about everything. He published his description of these changes in April and events since then make them worth watching.
Further detail via his websites and book e.g. - https://www.linkedin.com/pulse/where-we-big-cycle-brink-period-great-disorder-ray-dalio/?published=t
- The
creation of enormous amounts of debt bought by central banks via their
printing of money and buying the debt (i.e., monetizing debt)—in other
words, the government financing itself in a big way by both borrowing a
lot and printing a lot of money.
- Big
conflicts within countries (now most importantly the US) prompted by the
largest wealth and values gaps in our lifetimes, which are
leading to the emergence of populists of the left and the right who
are fighting with each other.
- Big
conflicts between countries arising from the rise of countries (now
most importantly China) that are becoming roughly powerful enough to
be able to challenge the existing world powers (most importantly the US)
and the world order (most importantly the American world order).
- Acts
of nature (droughts, floods, and pandemics)—i.e., climate change.
- Technology changes—e.g., the First and Second Industrial Revolution, computing and the internet, AI.hey are worth watching