Era where return of money more important than return on money - Dalio
“We are coming into an environment where the return of money is becoming more important than the return on money,” Ray Dalio, the billionaire founder of $235 billion US hedge fund Bridgewater told some of Australia's wealthiest and most powerful investors at a charity conference in Sydney.
Please notice that Ray Dalio said this was before the COVID-19 crisis had struck, before we had even heard of the new coronavirus.
But Ray has for quite some time, been warning of that investment markets were about to change in major ways. So, if you wish to really understand "the COVID-19 economic crisis", then you need to understand that COVID-19 was simply a trigger for a crisis that the world's economy was already primed for.