Now Dalio has a new warning for anyone who’s willing to listen.
In October he admonished a room full of central bankers in New York that there was simply too much debt in the world.
At the time, total global debt was an astounding $152 trillion.
Total debt has now risen to $217 trillion, according to a report published last month by the Institute for International Finance.
And as Dalio points out, this has consequences.