Anyone watched 'How The Economic Machine Works' by Ray Dalio on Youtube? How does it apply to the current situation (Domestic/international)?

We must think for ourselves.

even if you understood the 'Machine' very well, you and Ray Dalio

cannot predict the future.

What will really be coming domestically or internationally nobody does know

that.

For investing: though associated this is a completely different topic. Even without any micro/macroeonomic knowledge, you could be a very successful investor. Believing in the current stock market open society leader economies, reducing any fees to a minimum, diversifying, investing passively, having a 'non-doing' ultra-longterm investing attitude, all this will do the trick.​​​

https://markets.businessinsider.com/news/stocks...

His thoughts are theoretical. If there's one thing markets prove over and over again, it is never driven by logic. Stimulus packages will not mean anything if people are not spending money. The velocity of money affects asset prices more than the supply. Drastic action is often taken only if numbers are out of whack, see 1980s where the inflation rate in the US caused bonds to return double digits.

This is a large reason why bankruptcy is an extremely important part of a system. Wiping the slate clean allows people who have lost to start over, concentrate those who have lost, and allowing those who have won to thrive.​​​