Dalio and the "Bond King" Rarely Speak in Unison: Price Signals Distorted, Market Deeply Trapped in "False Prosperity"
Bridgewater founder Ray Dalio and “Bond King” Jeffrey Gundlach have both pointed out that price signals in today’s economy have become severely distorted, with debt-driven asset prices disconnected from real value. This kind of “illusory wealth” could evaporate rapidly in the face of real shocks.
On Monday, Gundlach said