Watch - Ray Dalio discusses past crises and parallels with today

Ray Dalio discusses his new book on crises

In an interview with CNBC, Ray Dailo discusses his new book 'A template for Big Debt Crises' in which he reviews past crises and the lessons that should be learned from them. He also draws several parallels with today's market. Ray thinks we are in the 7th innning of the current economic cycle.