Ray Dalio: US at Beginning of Late Big-Cycle Debt Crisis

The video discusses the onset of a late cycle debt crisis characterized by an excess of debt and a shortage of buyers. It highlights the impact of geopolitical changes and economic challenges on the global debt market. The discussion extends to internal conflicts, political polarization, and the rise of populism, emphasizing the need for a strong bipartisan middle. The video concludes with an analysis of economic risks, interest rates, and the short-term debt cycle, predicting a weaker economy ahead.

In what ways might geopolitical changes affect the demand for government debt?

What is the significance of having a strong bipartisan middle in the current political climate?