But it is different this time. Productivity growth is slowing [1], people are aging rapidly (in the US, baby boomers are retiring at a pace of 10,000 people per day, 5,000 of them die per day) [2], and secular stagnation is taking hold in most first world countries [3]. Sort of strange to expect today or the next 50 years to look like the last 50 years.

[1] https://scholar.princeton.edu/sites/default/files/ernestliu/...

[2] https://research.stlouisfed.org/publications/economic-synops...

[3] https://web.archive.org/web/20200629061702/https://larrysumm...

Dalio's point is specifically "this time looks just like all the others" but unfortunately his "this time" is referring to something much bigger and scarier than yours.

https://www.linkedin.com/pulse/big-cycles-over-last-500-year...

Your comment is the equivalent of a defendant in a criminal trial saying, "I'm not guilty," and then prosecutor saying, "Forgive me, but this sounds awfully like what the last guy said, and he murdered his wife!"

In other words, we have to actually look at the evidence.