RayDalio’s cycle best experienced now Bull – add money to system for growth>Too much money in system>take money and grow,kill competition>hire first and profits may come Bear – money sucked out of system>self sustain i.e ops profitable>lean teams by cutting down Repeat
And yet again the banks conveniently find a scapegoat while they earn ridiculous amount of commissions by lending and making leveraged trades for the same client
