Ray Dalio predicts pandemic will boost savings, self-sufficiency - Business Insider

Ray Dalio, founder, co-chief investment officer and co-chairman of Bridgewater Associates, speaks at the 2017 Forbes Under 30 Summit in Boston, Massachusetts, U.S. October 2, 2017.The billionaire co-chief of Bridgewater Associates predicted it would spur people to save more, prompt government to invest more in healthcare, and lead countries to manufacture critical equipment instead of importing it.

"Priorities are going to shift [towards] healthcare and building the basics," Dalio said in the interview.A top strategist for JPMorgan's $2 trillion asset-management arm shares his 4-part strategy for a coronavirus recovery — and breaks down a surprising bond-market bet "We're now going to be moving to a self-sufficient world," Dalio said, as both individuals and countries have realized that "they're all so vulnerable."

That’s not what happened in 1920.

Who is John Galt

It should but won’t. 1200 stimulus, no penalty mortgage deferrals, and 4K per month unemployment will now be expected.

But isnt cash trash?

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