Where are we in the cycle of the debt bubble? Ray Dalio

The US market is in 7th innings of 9 in the current debt bubble says Ray Dalio, one of the most successful (ever) hedge fund managers. The closest parallel equivalent in other debt bubbles is ~1935. grim stuff ahead.

http://puzzlefinancialadvice.com.au/2018/GFC2/Dalio_on_the_history_of_debt_bubbles_Where_are_we_now_in_this_debt_bubble_180916.pdf

Who is Ray Dalio? https://en.wikipedia.org/wiki/Ray_Dalio

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