TLDR
Ray Dalio's recent post on economic cycles and the coming paradigm shift is very well written. But not this time, at least not entirely, he misses something important. The last decade has been characterized by “easy money/credit” i.e. central banks quantitative easing policies and zero interest rates have inflated asset prices which have greatly benefited investors owning assets such as bonds, stocks, and real estate. Dalio proceeds then to highlight what the incoming paradigm shift will be: Central banks "easy money" policies are unsustainable and sooner or later they will have no ammunition left to support the economy (or rather the financial markets)via the TL;DR App
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