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Worth reading all chapters that are in here, but chapter 3 gets at the meat of where we're heading. We're at the end of a long credit cycle post WWII, dislocation of the dollar from the gold standard, to bretton woods, to now QE printing of money being loaned to the government by the fed.

Market reflects the cash flow available being printed by the FED to keep the markets up.

https://www.principles.com/the-changing-world-order/



Thank you for sharing this! I’m always grateful to read some of Dalio’s thoughts on the future.


Don't see a chapter 3?


Where we are now at the end of chapter 1?




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