Scores by kind of claim
Each kind of claim is scored on its own, out of 100: the share that held up, with the range it likely falls in. Fewer resolved claims give a wider range.
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Factual claims
Statements about the present or the past, checked against the record: did they hold up?
77 71 83 -
Predictions
Statements about events outside the person's control, checked once they fell due: did they come true?
72 56 86
All types combined: 76 (likely 71 to 82, high confidence), from 91 claims: 80 factual claims, 11 predictions. It mixes kinds of claim in different proportions for different people, so compare people kind by kind.
Ray Dalio's claims
1 claim
| Verdict | Kind | Said | Claim | Topic |
|---|---|---|---|---|
| Resolved false | Prediction | Jun 2010 | The next US recession will come sooner than the normal roughly five-year interval, because of the size of the debt. Prediction · Jun 2010 | Economics and markets |
“for various reasons related to the size of the debt, the next recession is going to come sooner.”
Ray Dalio, Bridgewater founder, interviewed by Barron's June 2010 Barron's interview with Ray Dalio of Bridgewater Associates (Benzinga)
The next US recession will come sooner than the normal roughly five-year interval, because of the size of the debt.
Resolved false The record shows it did not happen or was not so.
What would count as true or false
The 'normal roughly five-year interval' is measured from the end of the previous US recession (NBER trough, June 2009). True: the next NBER-dated recession began (peak) before about June 2014. Mostly false: it began between June 2014 and mid-2015, which is roughly the normal interval and not clearly sooner. False: it began after mid-2015, meaning the expansion lasted longer than normal.
Evidence
- Business Cycle Dating Committee Announcement June 8, 2020 National Bureau of Economic Research (NBER) · 8 June 2020
“The committee has determined that a peak in monthly economic activity occurred in the US economy in February 2020. The peak marks the end of the expansion that began in June 2009 and the beginning of a recession.”
- Business Cycle Dating Committee Announcement June 8, 2020 National Bureau of Economic Research (NBER) · 8 June 2020
“The expansion lasted 128 months, the longest in the history of US business cycles dating back to 1854.”
Reasoning
NBER's Business Cycle Dating Committee found that the expansion that began in June 2009 ran without interruption until a peak in February 2020 (E1). It lasted 128 months, the longest on record (E2). So no NBER-dated recession began before June 2014. The next one began well after mid-2015, which the criteria classify as false.
Cite this claim
Ray Dalio, “The next US recession will come sooner than the normal roughly five-year interval, because of the size of the debt.” (said June 2010). Verdict: resolved false. Reliability API, claim c_8fcb1c7421b1, method 0.1.0+c876030c. https://epistacklabs.com/claims/c_8fcb1c7421b1
Claims without a verdict
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