Ray Dalio | The All-In Interview

538.711 - 572.848 Ray Dalio

If you have a lot of debt and then you have a large supply of debt, That has to be bought. Somebody's got to buy it. And so that when you get to the point where there's debt risks, there's not only the new supply that has to be offered, but there is the possibility of holders of those debt assets selling those debt assets. And so the supply becomes overwhelming relative to the demand.