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Says that market pricing is currently in-line with ‘fundamentals,’ but does not take into account risks such as US elections, international conflicts and climate change.
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Believes that in 2024, inflation will be higher than market expectations, growth will be lower, and interest rates won’t be cut as much as is priced in.
I believe that there are five big, interrelated influences that are driving the changing world order and that they tend to evolve in big cycles. They are:
1. How well the debt/money/economic system works,
2. How well the internal order (system) works within countries to…— Ray Dalio (@RayDalio) January 16, 2024
