Dalio, founder of Qiaoshui Fund, wrote on his account: What is the impact of interest rate hikes? The government continues to borrow, and other parties are being squeezed out. For families and businesses, it really depends on whether you have money. If you have plenty of money, you're the last person to be squeezed out. But the lower 60 percent of the population and companies that don't have the ability to borrow will be the first to feel the pressure. As credit was tightened, corporate activity and profits declined, which directly affected stock prices.

Dalio, founder of Qiaoshui Fund, wrote on his account: What is the impact of interest rate hikes? The government continues to borrow, and other parties are being squeezed out. For families and businesses, it really depends on whether you have money. If you have plenty of money, you're the last person to be squeezed out. But the lower 60 percent of the population and companies that don't have the ability to borrow will be the first to feel the pressure. As credit was tightened, corporate activity and profits declined, which directly affected stock prices.