KEY POINTS
Hedge fund titan Ray Dalio believes it is too late for central banks to reverse a global slowdown.
Dalio is warning that current conditions remind him of the Depression-era environment.
He says the world is currently entering a “great sag” as the natural cycle of growth ends.
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“This cycle is fading, we are now in the world in what I would call a ‘great sag’,” said Dalio, adding that monetary policy, and especially interest rate reductions, were unlikely to offer much stimulus.
“Europe is at the limitation of that, Japan is (too) and the U.S. doesn’t have much to go on for that,” he told CNBC’s Geoff Cutmore.
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