A crash coming? Ray Dalio warns AI rally looks like 1929 and 2000 bubbles

August 4, 2026

Bridgewater founder Ray Dalio warned the AI-driven market rally displays bubble-like traits seen before the 1929 crash and dot-com bust. He cited stretched valuations, rising rates and heavy stock issuance as key risks, echoing concerns from Jeremy Grantham and Goldman Sachs.

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