In it, Dalio pointed out that thoughts which dared to question the economic orthodoxy, and which were once relegated to the fringe blogs, have become the norm, pointing out that it is no longer controversial to say that:

…this isn't a normal business cycle and we are likely in an environment of abnormally slow growth
…the current tools of monetary policy will be a lot less effective going forward
…the risks are asymmetric to the downside
…investment returns will be very low going forward, and
…the impatience with economic stagnation, especially among middle and lower income earners, is leading to dangerous populism and nationalism.
He further notes that the debt bubble which was not eliminated during the financial crisis of 2008, has since grown to staggering proportions, and notes that "the biggest issue is that there is only so much one can squeeze out of a debt cycle and most countries are approaching those limits."