Dalio: US stock wealth-to-money ratio matches 1929 and 2000 bubble peaks
Ray Dalio · WTF Is Wealth? Ray Dalio Breaks It Down w/ Nikhil Kamath | WTF is Finance Ep 2 · Nikhil Kamath · Dec 20, 2025 · at 39:53
Bridgewater founder Ray Dalio explains how he calculates macro wealth ratios compared to actual liquid money to evaluate asset bubbles.
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“What's the money ratio right now in the United States is about eight and a half to one, and so on, and when you look at it and then also then there's what it's in. The stock market is, is right now about three to one, and that's very high. If you were to go back to 1929 or 2000, it's at about the same level as it was in those times.”
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