Ray Dalio: The end of the central bank era is coming

The head of the largest hedge fund in the world - Ray Dalio - has announced the end of the central bank era.
Commenting on LinkedIn Social Network, Dalio said that central banks clearly and understandably signaled an end to their nine-year policy of ultra-interest rates. Banks are changing their strategy and focusing on raising interest rates in a way that they believe the growth and inflation will not be hurt.
According to Dalio, however, the change in politics entails risks of having to return to their old practices if they mistakenly judge.
In May, Dalio published a comment in which he expressed his anxiety about the future as well as the magnitude of the next downward impulse that can be produced. Such, he says, will cause much greater political and social repercussions than previously observed.
On Thursday, Dalio said aggressive stimulus policies had contributed their own, and the banks have to fight seriously to be implemented.
Dalio ended by saying he did not see a big "debt bubble" that would burst, but there is a growing focus on big collapse.