Business Insider CEO Henry Blodget spoke with Bridgewater’s Ray Dalio about the current circumstances of the US economy. Following is a transcript of the video.
Henry Blodget: On investing, you’ve recently written that risks are rising because of the political atmosphere. You’ve talked about how it looks a lot like 1937. That sounds very scary. What do you mean by that?
Ray Dalio: Well, let me clear up this. This is not like 2007 and 2008. In 2007 and 2008, we could do the calculations of how much that had to be paid by whom, and we can see that that wasn’t going to happen, and that we were going to have a financial bust …
