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[Dalio: The collapse of Silicon Valley Bank was a “canary in the coal mine” moment] Bridgewater founder Dalio expressed his views on the collapse of Silicon Valley Bank on social media, “The collapse of this bank was a ‘canary in the coal mine’ moment. 'The Canary' is an early sign that it will have a ripple effect in the venture capital field and even well beyond the venture capital field." Dalio believes that the collapse of SVB is a "very classic event," which he calls "The very classic bubble burst part of the short-term debt cycle." This means a "contagion process" where dominoes fall until the Fed eases policy, creates "easy money" and then sets the stage for the next big debt problem. Dalio said that different cycles will see different bubbles. In 2008 it was real estate. And this time it’s private individuals who “cannot withstand the impact of high interest rates and tight monetary policies.”