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Ray Dalio: I've studied 500 years of history and fear we're entering the most dangerous phase of the 'Big Cycle'

I believe the times ahead will be radically different from what most people have gotten used to—more like the era before 1945 than since. As a global macro investor for over 50 years, I’ve had to study the cause-and-effect relationships that drive history in order to place my bets. What I found is that all monetary orders, political orders, and geopolitical orders rise, evolve, and col... [7694 chars]

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