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Bridgewater Founder Ray Dalio Says AI Boom at Early Bubble Stage, Predicts Fed Rate Cuts to Fuel Bubble Expansion
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Ray Dalio, a hedge-fund manager and co-founder of Bridgewater Associates, wrote on social media platform X that the AI boom is still in the early stages of a bubble, and that US stocks significantly underperformed non-US markets and gold last year. Dalio stressed that there remain major uncertainties about future Federal Reserve policy and productivity growth. It is most likely that the newly appointed Fed Chair and the Federal Open Market Committee will favor pushing down both nominal and real interest rates, which will in turn support asset prices and further fuel the bubble's expansion. AAStocks Financial News |
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