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Fortune
Fortune
Diane Brady

Ray Dalio thinks the world looks like 'pre-1945 times' as we near the end of his 'Big Cycle'

Ray Dalio Fortune Bridgewater
(Credit: Iman Al-dabbagh—Fortune)
  • In today’s CEO Daily: The Bridgewater founder describes a more unstable world order in a piece for Fortune
  • The big leadership story: Palantir CEO Alex Karp says, don’t worry, the DoD isn’t using AI for mass domestic surveillance
  • The markets: Mildly positive across Asia as oil passes $100/barrel
  • Plus: All the news and watercooler chat from Fortune.

Good morning. How will AI impact Ray Dalio’s prognosis for the economy? The Bridgewater founder published a piece in Fortune this weekend, in which he argues that we are in stage 5 of what he calls the “Big Cycle.” (The global macro investor has studied the six stages of how major empires rise and fall, with stage 5 being the period prior to collapse.)

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