Gideon talks to the billionaire investor Ray Dalio about the connections he's found between the rise and fall of markets and the rise and fall of nations. Clips: CBS, CNBC, BBCMore on this topic:  Policy errors of the 1970s echo in our timesFed begins quantitative tightening on unprecedented scaleTop investors split on direction of ‘tempestuous’ China’s marketsSubscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe.Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by BreenRead a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.