"Again, there's that implicit presumption that when the market is going to call time is something that is able to be known."
Takes us back full circle to the beginning
Ray Dalio has spent his life asking himself that question. He released his book free to the public last year - Principles for navigating big debt crises.
They should be making every first year economics student study his book in fine detail for the entire first year. If I was the Prime Minister I would be polietly requesting the entire RBA board reads Ray's book in detail and presents a comprehensive report to the parliment.
In my opinion Ray Dalio is our Einstein of economics and investments. People just dont realise it yet.
Ray IS the smartest man in the room and he has the heart of a lion.
