Ray Dalio Sees 25% Chance of Recession Through 2020

The video discusses the potential for a recession in 2019 or 2020, estimating a 25% chance for each year. It emphasizes understanding economic principles and the economic machine. Key factors influencing a recession include GDP, central bank policies, and the wealth gap. The video also explores the social and political impacts of economic downturns, such as the divide between capitalists and socialists, and the emergence of China. These factors are compared to historical events from the 1930s, highlighting their uniqueness and potential effects on future recessions.

What social and political issues does the speaker associate with the next downturn?

In what way does the speaker believe the emergence of China impacts the economic situation in relation to the United States?