From Newsmax

Billionaire hedge fund manager Ray Dalio reportedly predicts a three-to-five year period of global restructuring amid the coronavirus chaos.

“I know that’s a long time, but it’s not forever,” Dalio told LinkedIn’s editor in chief, Dan Roth. “The human capacity to adapt and invent and come out of this is much greater.”

The Bridgewater Associates founder also says that self-sufficiency, creativity, adaptability and bipartisanship will be the keys to economic recovery.

“Not only will individuals want to ensure their self sufficiency, but countries are going to want to have self-sufficiency because they’re also vulnerable,” Dalio said in a Tuesday interview on LinkedIn’s “This is Working.”

Dalio said people should be “very excited” about the phase that will come after that, pointing to leaps forward in digitization, data and human thinking. The 70-year-old businessman’s assessment reflects wider observations from economists and historians that we are currently in the midst of a technological revolution, CNBC explained.

“I think we should be very excited about the new future,” he said.

“We’re now in a wonderful revolution in terms of the capacity to think and use that in a way. I would say that is absolutely the most treasured thing in the future,” he said.

“I would say understanding your thinking skills, or using digital support mechanisms for thinking, would be the most valuable (skills),” said Dalio.

“One’s ability to do that, to interact in a digital way and help that kind of thinking — either as a user of it, an effective user of it, or an effective a builder of it — I think that’s going to be important.”

However, Americans’ views on the economy have soured dramatically since the beginning of the year as coronavirus-caused shutdowns have tanked their ability to pay bills, a pair of reports from the Pew Research Center found Tuesday.

As the pandemic enters its second month, the number of Americans who say economic conditions are good or excellent has been cut in half, from 57% at the start of the year to just 23%, according to a survey by Pew.

The survey also found high rates of support for federal stimulus, with 88% saying the $2 trillion aid package passed in March was the right thing to do, and more than three-fourths saying more economic assistance will be necessary, Bloomberg reported.

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