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On what grounds? What is the “bubble” that is going to burst?
Massive tax cuts to billionaires creates an investment bubble so we will be seeing it in real estate and wall street.
Any more questions, take it up with this guy...
Bridgewater's Dalio sees a 70% chance of a US recession before 2020
"I think we are in a pre-bubble stage that could go into a bubble stage ... The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent, Dalio said during an appearance at the Harvard Kennedy School's Institute of Politics.
Dalio, whose fund invests some $160 billion, stepped down from the hedge fund's day-to-day operations nearly a year ago, but his views on markets and the economy are still very closely followed.
"The greatest mistake of the individual investor is to think that a market that did well is a good market rather than a more expensive market," he said.
"I think we are in a pre-bubble stage that could go into a bubble stage ... The probability of a recession prior to the next presidential election would be relatively high, maybe 70 percent, Dalio said during an appearance at the Harvard Kennedy School's Institute of Politics.
Dalio, whose fund invests some $160 billion, stepped down from the hedge fund's day-to-day operations nearly a year ago, but his views on markets and the economy are still very closely followed.
"The greatest mistake of the individual investor is to think that a market that did well is a good market rather than a more expensive market," he said.
He called the last bubble that burst in 2008.