"History doesn't always repeat, but it often rhymes."Ray Dalio often likes to talk about debt cycles.
Specifically, he has referenced that our economic climate can be compared to 1937.

Similarities:
  • End of long-term debt cycle, interest rates approaching 0.
  • Recent economic collapse (Great Depression of 1929-1932, Great Recession of 2008)
  • Widening wealth gap, globally
  • The rise of populism in many countries

CyclesdebtdebtbubbleHarmonic PatternsrecessionSPDR S&P 500 ETF (SPY) spyshortTrend Analysis

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