A billionaire, Ray Dalio, went on stage and explained in 42 minutes how the entire economy works. for free. Wall Street spent the next decade pretending nobody saw it.
he didn't sell a course. he didn't plug a fund. he stood at a whiteboard and drew three lines that explain every crash, every recovery, and every rate decision since 1929. MBA programs charge $200,000 to teach frameworks he covered in the first 15 minutes. six of the models he drew on that board are still classified as proprietary at three major banks. he gave them away on YouTube. the part nobody talks about: he predicted exactly what happened in 2020, two years before it played out. interest rates hitting zero, the central bank running out of tools, the money printer. he drew it on a whiteboard in 2018 like he was reading tomorrow's newspaper. a portfolio manager at a top-five firm told me every new analyst on his desk watches this before they're allowed to open a terminal. not the CFA prep. not the internal training. this one lecture. 40 million people have seen it. almost none of them can name the three forces he draws in the first ten minutes. it is still free.The markets follow the economy.
4 big sources:
We become more efficient, that is productivity.
It evolves.
The big things that we feel everyday is debt cycles.
Recession, weakness in the economy, credit is buying power, financial assets happen. That lasts seven to 10 years.
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