Ray Dalio on the Economic Impact of the Coronavirus Crisis 

I wish Joe Rogan would interview Ray for 3 hours straight. Don't friggin interrupt RAY !

This guy is very rude keep on interrupting Ray. An example of bad interview.

Poor Ray, always gets cut off by the interviewer. Let Ray Speak please!

it seems it is JUST not me feeling that the host is not "good" enough to host Ray Dalio.

Ray Dalio is a paradigm of knowledge. This interview was little different, he might have diverged from the main question but everything he said made sense in one way or another.

I have studied economic history and Ray has given me chills as he expanded my mind of our new redefined era. I believe the magnitude of change was like that of entering the new world order of the 1945 Nuclear age combined with the economic emotions of the 1937 post "double dip" and of course a lighter version of fall 1918. We are almost at the eye of the hurricane which will be followed by the second hit of pummeling the real economy. Check your seatbelts, this ride in history is going to get more turbulent than you realize.

Thumbs up for Ray, thumbs down for the interviewer. Don’t interrupt!

That interviewer ruined an opportunity for viewers to take home many key points. Frustrating!

"Editor-at-large", take some lessons from these comments and learn how to be a better interviewer!

Mark of a poor interviewer ... trying to cover the questions on his list without teasing out the key points or really listening to the answers

I disagree with the comments criticizing the interviewer. Ok, the interruptions weren't smooth but the questions were brilliant. A great interview. Great questions and great answers.

Why didn’t he let Ray simply continue without interrupting him 😡

I listened to the entire video and I thought the moderator did a good job and tried to cover a few different questions and let Ray speak at length on various questions. He did his job.

the reporter feels obligated to interject, but its annoying and unnecessary.

Dalio is incredible - such wisdom, sad the interviewer felt the need to interject.

Great discussion! So much better versus the mainstream TV with oppressive time constrictions and commercials.

Erik "Ray I have a question for you" Ray "Well, " Erik "Ray I have an interruption for you, I promise this will be one of many"

..."it all depends on how we work together"....Sure, like that will happen in our "winner take all" political climate.

The interviewer needs to sthu, let the genius speak

Ray Dalio always brings simplicity to complex concepts. This guy is a legend.

Good interview. Ray is definitely one of the finest, if not , The finest observer of economy, finance and human nature. Thank you very much for sharing your thoughts.

Gosh the interviewer is annoying, trying to sound smart by long-Ass sentences, Ray is right: you are not adequately... an interviewer is to put the question across punctual and simple~

Always impressed with this interviewer. He consistently interjects only when clarification for the listener would be helpful. Very rare talent. Thank you.

For the multiple comments that Erik Schatzker “interrupted” Dalio throughout the interview, here’s the FACTS - Ray Dalio talk time as follows: 2:55-7:16, 8:00-10:27, 10:58-12:33, 13:07-16:09, 17:06-20:35, 21:30-22:20, 23:07-27:36, 27:49-32:37, 33:23-38:12, 39:03-41:49, 42:34-45:12. Do your own math, but ALL questions took less than 1 min, Dalio spoke majority of the time, with one moment where he “cut off Dalio” at the 22:20 mark.

Guys the interviewer is not an idiot and he's not trying to be rude. There is LAG over the network, and he knows that Ray is a busy man so he's trying to make the most of the time. I think he did fine.

Erik, the Editor at large, ... seemed to be wanting Ray to tell him where the right fishing hole is ... while Ray was trying to tutor us on how and when to fish. You know what I mean?

It is so painful to be with Ray's train of thought and then have this ignorant assbole derail it again and again.

Ray Dalio finally made economics so simple and cool to study that now I fully want to underatand and be like an economist!! He made economics cool again!

Just as I was grasping Ray's answer to interviewer's question, in the middle of explination, freaking he interrupts and Ray has to answer totally different. As a interviewer, you ask question, and let interviewee finish. We dont get to listen to Ray Dalio much, dont run it.

"Americans have holes" - Ray Dalio

The host looks annoyed that Ray is answering the questions im confused

A very learnable interview with Mr. Ray. Learned a lot. Thank you for posting.

LET RAY SPEAK!! Where else can we “Listen” to Ray speak UNINTERRUPTED???

Found it a bit frustrating Ray talked and talked but didn't get to the point.

The question upper most in most people’s minds is how do they buy food and put a roof over their head when they don’t have a job.

Interviewer should have stopped at “what do you think Ray”

Strange interview that didn’t really get anywhere. Host had questions that were by far too long-winded and convoluted (Ray even mentioned a particular question was actually a bunch of questions) but then again Ray tended to be very detailed and rambly in his answers. But Ray is not a media expert or personality so ultimately it’s up to the interviewer to lead and guide the interview. A handful of clear, specific, and succinct questions would’ve made this 10x better. What a wasted opportunity!

Nice interviewer. I really hope he does more videos he has a way of making his audience speak freely

I wish the interviewer shut up and let that genius speak freely

I enjoy every minute of listening to Mr. Dalio speak. I love the detail and analysis that he goes into and does. I will never get enough of his knowledge.

I don't understand why so many comments are about Erik interrupting Ray. I think he gives plenty of time for Ray to answer. He seems genuinely interested in the answers too. Sometimes he cuts Ray off, but that there is clearly a time limit on interviews and they need to get all the pre-planned questions in. Also, as you can clearly see, Erik is being prompted by a screen as you see him looking over at it just before he asks a new question. Therefore even if he is interrupting too often, it's not his doing, it's the producers or whoever it is who is writing the prompts.

Best talk on investment I heard since Feb. Thank you!

Don't interrupt the guru champ! "I'll just interrupt to ask this stupid question that is a side issue"

Have to disagree with most comments, Erik is the best interviewer for Ray. He tends to ramble a lot but this interview was very good and of much value. Basically, gold and other things will go up and inflation will take care of the debt and wipe out bondholders. And we'll see which monetary systems hold.

Erik wants Ray to tell him the money-making answers and Ray only wants to talk about the processes that will lead you to the answers. The problem is, Erik is asking a guy who operates a company that spends a lot of time, effort and money in order to find out what they think these answers are, so he's not going to just give them away for nothing. Not at least until Ray and his company has fulfilled their own financial interests in them.

Erik is so interruptive, every time he has interviewed Ray, he has never let him finish. I understand that it is a journalists duty to navigate the interview but let the guy finish at least.. In case you wanted to see how Erik interrupted Ray in their last interview, have a look here ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Nm0m62reFuY.html

Erik is actually not dumb - he knows Ray is doing his typical PR talk which sounds deep but dont give much useful information

Ray Dalio is a LEGEND. What a remarkable interview!! Amazing. Loved this interview!!

From the Netherlands, thanks for this interview! Now i'll buy more stocks and pay back my loans if needed.

23:08 Ray just said 'You are stupid'.

Let the guest talk. Geez. We didn’t tune in to hear the host.

Really important information and vision for the future. Getting our heads around what things will really look like a year or two from now is so important for successful survival. I have to concur that Eric Schatzker was way too worried about getting short sighted audience questions answered and failed to understand that those questions really will not matter as things proceed. World economics have shifted and we all must adapt quickly. Governments, exercising sovereignty, are moving to "fill in the holes" created by a financial catastrophe. These are not "normal" times.

One of the funniest interviews I’ve ever seen. Ray Dalio is the only investor with institutional money who tells the truth about the economy. This bloomberg interviewer wants to ask surface level stupid questions. Hilarious.

this interview clearly shows you how the average investor thinks versus a professional macro economist thinks

I thought this was a good interview. Erik delivered good questions and was respectful- he allow Ray to talk with very minimal interruption. Ray knows more than he can say to the public but there's excellent information embedded into his talk. Here's my interpretation-Bonds are in trouble. The dollar is in trouble. There's a large wealth transfer about to take place. Hold physical assets. Some stocks are going to get pulverized, some will go into new asset bubbles. I personally believe commodities and energy are going to be enormous beneficiaries.

Erik Schatzker stop interrupting Ray Dalio. I didn't click on to watch Erik; I am clicked on to watch Ray.

Oh the economy is suffering since all countries across the globe have gone to shelter in place during this global pandemic..... I think most of us working folks, have figured that one out already.... Now lets focus on going back to work while dragging this corona virus risk around with us

Toulouse, France. Thank you Erik & Ray!

One of Ray's big concerns is social unrest. Food riots and human destruction, French revolution style . Millions now unemployed. Guns outnumbering Americans three to one. He is very nervous addressing the wealth gap.

The S&P 500 is within spitting distance of 3,000. The DJ30 is 2,000 points higher than when Trump took office. Meanwhile, there has been a consumer demand destruction and job market meltdown not seen in nearly 100 years. Dalio did not clearly explain this contradiction.

This was not an interview. It was a guy reading a list of questions with no intention of getting an answer or the brains to listen or understand the answer in full 😏👎🏼

why can't Bloomberg hire a interviewer with common intelligent and polite who does not interrupt Ray Dalio in the mid of his critical answers and comments ??

Ray Dalio - everything depends on how we divide wealth and opportunity for productivity - yes Ray, it's been that way as long as Man walked on Earth.

So Ray, are we going to retest the lows and if so how soon? And Ray, what is the better investment here for the next 5 yrs, technology equities or housing or gold? And why do you think that? That's really what I need to know as I am watching CNBC for INVESTING advice.

We need to start by reforming schools to not make kids think they're stupid because they learn a different way

STOP INTRUPTING DALIO EVERY TIME HE GETS INTERVIEWED

Translation: After a correction when Fed comes in, bad economic news is good news for stock market. Then when market is up and economy is back, Fed tightening on good economic news is bad news for stock market

I really don’t understand what these comments are bashing the interviewer for, highly professional and conducted the interview very well. People always seem to find a way to complain rather than grasp the substance being delivered.

This interviewer is so talented. He managed to make the most interesting man in the financial space completely unwatchable. 🙄 FML

If it was not because of the interviewer, you will not necessarily hear the critical questions get asked and answered, such as Ray's thoughts about new opportunities. The interviewer steers the conversation with the top investor in the market to get the questions answered, which by itself is a very very challenging task. Without necessary interruptions, you will get 3 hours with Ray talking random topics at different depth, good luck with picking up masters mind :). I think the man deserves a round of applause and respect.

Interesting areas for me from this interview as follows: 4:40 Dalio states that Roosevelt 1933 severed the gold link SO THAT money & credit could be created WITHOUT LIMIT - and look where we are today people. Clarification - banks can NOT create “money”, they creat CURRENCY, aka DEBT NOTES. Even the “US dollar” is nothing more than a Federal Reserve debt note - it’s printed right on the bill. 5:58 Dalio states you can’t raise real wealth, you can only “fill in the holes with ‘money’ & credit”. Then 9:58 he states this HOLE IS SUSTAINABLE cause “we” can just create more ‘money’ & credit. Yet here we are, the big corporations (banks, etc) getting immediate bailouts without Congress approval and small businesses can’t even get LOANS and only some of we the people get chump change, $1200 for 10 weeks, BUT had to go through Congress approval - pathetic. 9:42 Dalio states it’ll be a total new world order (NWO) that’s coming. 35:09 he says we created a NWO in 1945 - that was the Breton Woods agreement, which FAILED in 1971 and Nixon took the REST OF THE WORLD OFF THE GOLD STANDARD, ie. countries could NO LONGER exchange their Fed Res debt notes, aka US dollar, for real physical gold. All currencies were floating one against the other, volatility increased, and the 1974 petro-dollar scam emerged, where the US military was charged with the duty of protecting petroleum of other countries in exchange for letting the Fed Res debt note remain the “global currency”. This means ANY COUNTRY buying/selling petroleum had to exchange to Fed Res debt notes, aka US dollar. Really, global bank cartel maintained power over global financial system. 11:24 Dalio states that the banks must be saved, regardless of what they’ve done. If they aren’t saved, the consequences will be enormous. Really Dalio, FOR WHO??!!? 12:19 Dalio states there HAS TO BE more “money” & credit created. No Ray, there does NOT. 28:49 Dalio states it’s crazy to own bonds in this current environment. I agree. Yet why are “financial experts/advisors” telling people it’s the “safe place” right now? The only SAFE PLACE is OUTSIDE of this global bank cartel’s fiat garbage currency system that’s made for/of/by the bankers. Eliminate the Fed Res, IMF, BOE, ECB, BIS, etc. Repeal the Fed Res Act of 1913 that started this nightmare and ENFORCE the Constitution which never had a chance since. 36:50-38:10 Dalio discusses the American dream and how much more competitive China is, yet it was bills PASSED BY CONGRESS that allowed US companies to ship business overseas & other countries. He states “how we’re going to be with each other” will affect where we go from this point. He states that “dividing the wealth & productivity” must be done properly - yet here we are Ray, in the biggest wealth gap ever. And I’m supposed to believe people like YOU, Bill/Melinda Gates, George Soros, etc want to SHARE YOUR WEALTH?!?! No, people like you make the laws so illegal becomes legal, and the wealth transfer continues between the middle class to you plutocratic, dictatorial parasites. Glad Steagall Act should NEVER have been destroyed, it was the last link separating people’s savings from the commercial banks. THAT is why we are where we are today, why the big banks/corps/etc keep getting bailed out on OUR backs. WE THE PEOPLE are the productivity you speak of, that makes YOU wealthy. 38:50 An intelligent question gets asked by a viewer about why the Fed Res is buying assets, corp bonds, junk bonds, etc. as they’re picking the winners and losers. Additionally, IMO (in my opinion), especially since THEY HAVE NO CURRENCY TO BUY ANYTHING WITH, THEY CREATE IT FROM NOTHING WHILE WE THE PEOPLE (of all countries), HAVE TO ACTUALLY WORK FOR IT. If you or I created our own currency, we’d be jailed for counterfeiting, yet it’s LEGAL when the banks do it. 40:27 Dalio fails to clarify which parts of the economy you “must let go broke”. Since the banks & corp conglomerates are already getting bailed out AGAIN, the only ones left to go broke are small businesses and middle class, isn’t that right Ray? There’s so much more that Erik Schatzker should’ve challenged Dalio on, but this is long enough. We are in corporate welfare/socialism and sadly, fascism (eg. Bill Gates saying everyone must get corona virus vaccination before returning to work, sports, etc otherwise “no one is safe”. See his Ted Talk for yourself, don’t take my word for it). How does Gates get to tell us how & when we live our lives?!? In TRUE CAPITALISM, these bad businesses would’ve gone under OR restructuringd themselves already. We need to accept the fact WE’VE ALL BEEN SCAMMED by the Dalio’s, Warren Buffett’s, George Soros, Bill/Melinda Gates, Rothschild ‘s, Rockefeller’s, etc. Let these companies go BANKRUPT. People do NOT lose jobs in bankruptcies when the service or product continues to be bought - we have the power, we vote with our pocketbooks. The companies will be FORCED to restructure and their CEOs, shareholders and investors will lose, as they should.

We have an individual Ray Dalio - one of the few of this century with the wisdom and understanding and perpective that very few people have.... Mr interviewer - let Ray Dalio speek

6:13 "We are very lucking we have the worlds central bank" Really Mr. Hedge Fund. Thomas Jefferson said this. Quotation: "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

yes, please stop interrupting Ray, he is so insightful

Yes, the guest should surely talk more than the host. This host interrupts too much.

Thank you, ery much, Erik, and Ray, for a great, informative, thoughtful interview!!! Erik, You are commendable for your patient style of interviewing!!! "BRAVO!!!".... MUCH APPRECIATED!!

I respect Dalio, but most of his answers are vague; he is avoiding direct answers to questions, and he drifts off into tangents.

Listening from Adealide Australia 🇭🇲

Through all the brilliant insight shared, I wonder how many people caught Dalio talking about the value of the dollar in this one......its all about pickin winners baby!! #DaddyDavos

I like Mr. Ray Dalio so much. Thank you very much.

What a terrible interviewer. Your job as an interviewer is to do one thing: listen. We're not here to listen to you, Erik.

Thank you for this interview!!! Great insight ! The moral is , we have to be better prepared for situations like this pandemic so the impact is not so devastating ! “ Principles in action “ by Ray has priceless information ℹ️

Inflation! then they will try to increase interest rates... That went well just recently in 2018... So does anyone have the political fortitude to do what Volker did? Seriously Doubt It... too far gone. Boomers on fixed incomes will be the real victims, being the largest part of the population, will be a big problem. So, we need to have a 50-year plan of a return to fiscal responsibility, not an election cycle plan. Ray is awesome, thank you for all the knowledge you give to the world for FREE... You da man.

Ray is so knowledgeable that he is so long winded and tends to move into new topics unbid. If he gave grand dad stories, he would be telling the moral of the story after the kids had slept four hours

The same people who's been stilling and rigging the system in their favor are the one's trying to advise us. We are truly lost.

Thank you very much Ray !

Very disappointed with this interview- Im not sure what was going on but it looked like Erik was pulling teeth to get a direct answer - I have seen Ray being interviewed and this time I felt he was not being direct - VERY DISAPPOINTED

Ray just nailed how economy works his insights are deep he has to make another video on his channel based on discussions made it's just awesome

Wow, so as the value of money goes down, assests that represent wealth itself go up to try to keep up with the rate of inflation. Which explains why equities go up as the economy goes down.

Dalio's room - I like!

I love how Dalio tells him, dude im just the mechanic dont ask me for what to invest in lol

anyone else have their screen so you could only see Ray and skip forward anytime the interviewer spoke?

I cant wait to see what the performance report for bridgewater will look like.

no one cuts off ray dalio

The interviewer did an exceptionally fine job. Get over yourselves, all of you that see an opportunity to sound smart by bashing him. The interviewer gave him more than enough time to prognosticate while focusing the discussion. Okay, I got that out. Now resume the Lord of the Flies treatment.

Thanks #bloomberg for the #infinitology of #raydalio!

Please stop saying that plugging the holes is the only choice.....Ray is a billionaire who prospered from the crony capitalism, like it or not. It’s too bad it turned out that way but that is the reality. Too much intervention by picking winners and losers has not faired well. The govt doesn’t have authority to buy junk, corporate bonds etc in order to backstop the system and still pretend that the riches wealth is not dependent on the entire system functioning. At what point do you just let capitalism function and allow the chips fall where they may. He has a vested interest in intervening and saving the system. I’m total prepared to let this happen because it’s real. Let’s stop pretending that any of this should be taken seriously and any interventions are just more crony capitalism to protect power. When you have discussions like this, it only proves how ridiculous this is and how beyond fixing in a fair and orderly manner. Sorry Ray, were going to have to reset the system. Debt needs to be written off because too much debt is the problem. Business owners who planned for infinite growth without having a rainy day fund are going to have to be held accountable for their error in judgment. It was their choice to inflate their stock price to increase executive bonuses instead of having a rainy day fund. Share buybacks are a form of insider trading. Companies that don’t pay dividends are Ponzi assets that should not be permitted because capital gains come from other investors money. The bottom line is we cannot talk about fixing the system without talking about how the wealth was made and was it done in a true capitalistic, by choice manner

More of these plz

He his talking a lot but not giving any answers. L

Great video, love listening to Ray