Re:Yield Curves Invert in U.S., U.K
by dv_dt on Wednesday August 14, 2019 @02:28PM
(#20698485)
I haven't ever seen anything from him that says we've gone through it already - he cagey about exactly when (and that's the correct view imo) the next big recession hits, but I see him trying to lay groundwork to allow a few paradigm shifts in how governments have to take on new financial tools if we want to stay stable - e.g. helicopter money. You could get his "Big Debt Crisis" book (I got the free pdf on rollout), that lays out the case in detail with data.
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He's referred to 2008 as the end of the long-term debt cycle, and the ten years since then as the reflation period.
I don't think he saw 2008 as the end as much as it was the start of the end game - the debts have definitely come to any sort of deleveraging beautiful or ugly, and certainly no resolution of the fundamental inequality the Dalio was identifying as a root concern.