Ray Dalio

speaker
1,879 appearances 2 recordings 1 series first heard Sep 2025 last heard 30 Jul

Ray Dalio’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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There are bubbles and then the things that prick the bubbles.
Okay.
The things that prick the bubbles typically in the beginning are something that means that I have to sell some wealth to get money.
And that's usually a rise in interest rates.
It could be something like wealth taxes.
Something that means I'm very wealthy, but typically the tightness of money, because during that spot, there's inflation pressures and central banks decide that they want to tighten monetary policy and so on.
It becomes that the amount of money that I can get by owning that debt at the higher interest rates is greater than the amount of money I could get on my equity investments.
That's part of it.
Also, what you see is a lot more production of stock.
And what I mean by that, issuance of stock, is think of the supply and the demand.
There's demand, right?
And we've been talking about the demand that makes stocks go up, you know, how we create this well.
But there's also supply.
So you can issue stock, right?
It's very issued.
There's almost nothing that's easier to produce than stock.
Yes.
Today, you could probably go out and say, I'm going to make a company, and I'm going to take it public.
And you go to your audience and your crowd, and you can say, I'm going to make stock.
So it becomes, when there's a market that wants stock, there's a production of stock.
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