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All this deeply worries ray d dalio, who wrote a blog post on linkedin, sounding the alarm. i wanted to talk to him about how he sees the problem. he is also the author of a much discussed new book called principles. pleasure to have you on. >> thanks for having me on. >> you're doing well, u.s. is doing well. shares are doing well. u.s. stock market is hitting highs. and yet you call code red on the american economy. what do you mean? >> two things. i think the averages are misleading. if you break it up into the two pieces what do those differences

Tennessee, getting back on its feet. set to reopen in a few hours. store owners are cleaning and painting to get shoppers back. the deadly wildfires that ripped through the smokey mountains killed 14 people and destroyed more than 1,700 buildings. let's get a check on cnn money stream this morning. the explosive post election rally continues to push stocks into unchartered territory. dow and s&p and nasdaq hitting highs on thursday. every rally getting a trump bump. about half of those winners have gained at least 10%. the big winners are the big banks. check out gains. bank of america up 35...

>> well, i think it matters for the country. motown, to use a frayphrase, tot is no town. it's a city in bankruptcy because of mismanagement of local fishes, but i think in part, because of circumstances beyond their control, because of globalization and technological innovation and the vulnerability of our country, of the united states. not just detroit or michigan, to adapt to those changing circumstances. you know, the u.s. is not the industrial giant it once was. detroit was the focal point of that industrialization. it's not the same giant as it once was. the inability of the country to a...

Funds, you buy and sell them like stocks. >> i like it because typically when a market is strong, i believe it will be strong for the next year, wur going into the fifth year of the bull market that happens only five times in the past. the five times it's done that, up 20%. and on top of that you're getting a dividend of 3.4%. almost double what you're getting in ten-year with the etf, i like the exposure to small caps and the income coming in. >> and the i-shares u.s. oil equipment and services because we've got the energy boom going on. >> yes and this is one sector that has lagged the marke...

There are some areas technically and fundamentally that are just priced way too high right now. >> let's look at what some of the things are that both you like and don't like. you like the wisdom tree small cap dividend etf. you buy and sell them like stocks. >> i like this because typically when a market is strong like i believe it will be strong for the next year, if we're going into into the fifth year of the bull market, that's only happened five times in the past. the five times it's done that, typically 20% up. i like the exposure to small caps and the income coming in. >> i've always fo...