Ray Dalio: The near term looks good but the longer term is scary

The latest from Bridgenorth's Ray Dalio

Ray Dalio has shared his latest outlook on the economy on LinkedIn.

"The economy is now at or near its best, and we see no major economic risks on the horizon for the next year or two," he writes. "The major economies right now are in the middle of their short-term debt cycles, and growth rates are about average."

In the longer-term he worries about debt and debt obligations, which are especially difficult challenges because central banks can't help.

On China, he brushes off worries and says the big challenges are being managed. He's upbeat on emerging markets ex-China as well.