An awesome Video by Ray Dalio (HT Srikanth Thunga) that speaks about what the economy is based on: Credit, short term debt cycles and long term debt cycles. Ray Dalio is the founder of Bridgewater Associates, a mammoth hedge fund.
Every Indian should watch this, especially the “deleveraging” section. Japan went through this in the 1990s. The US saw it in 1930s and then 2008 onwards. When will India see it?
My guess: within the next five years. Hopefully it will be a “beautiful” deleveraging.
Video: How the Economic Machine Works, by Ray Dalio
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