WOLF@WOLF_Financial
RAY DALIO JUST SAID HE THINKS THE AI BUBBLE IS GOING TO POP
On Bloomberg, he laid out exactly when, why, and how he sees it happening.
He also compared the current market to two specific years:
"We are right now rising closer to, not at, the same level in 2000 and the same level in 1929, a specific level where you say, oh no, here's the one that we really need to worry about."
On all tech revolutions:
"All great technology changes produce bubbles. And the reason they produce bubbles is because nobody can get it exactly right."
On the mechanism that pops bubbles:
"There's a bubble, and then there's the pricking of the bubble. The pricking of the bubble happens when there's a need for wealth to be sold to get the money."
On the wealth gap that comes with it:
"A very small percentage of the population is going to do unbelievably and a lot of people won't."
On a political solution:
"I'm not optimistic on us working together to solve."
He says the technology is real. The prices and the debt are the problem.
