I heard this interview this morning in the car as I drove my kids into school. Mr. Dalio makes the point that nearly everything went down last year. (With the exception of Bitcoin.) He argues that if this continues, all asset classes moving down together, we’ll be looking at a “depression.”
That’s why he thinks the Fed will turn on its heals and ease and then print.
There appears to be no way out of this thing other than to let markets correct to proper levels.