73 Days
Source:
الاقتصادية
Paper wealth does not equal money
Billionaire Ray Dalio issued a stern warning about the current financial markets, confirming that excessive enthusiasm for artificial intelligence has led markets to approach a "bubble" zone, similar to those seen in 1929 and 2000. He pointed out that the surge in stock offerings, such as the launch of SpaceX and the soaring valuations of AI companies like Anthropic and OpenAI reaching a trillion dollars, indicates the presence of an investment bubble. Dalio explained that there are instances of exaggerated valuations and investor frenzy in issuing shares, with inflated paper wealth that cannot easily be converted into real money. This increases the risk of a bubble burst, which could lead to widespread political and economic upheaval. He also warned that such a bursting would not be limited to the financial realm alone but could trigger conflicts and political crises worldwide.
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