Asks what it would take for UAE (Abu Dhabi/Dubai) to establish itself as a global asset management hub.
CNBC Anchor
Ray Dalio
Describes UAE as a 'paradise' and potential 'Silicon Valley of investing,' driven by its asset management expertise and commitment to AI.
Asks about the consequences of the 'big historic shift' fueled by AI and debt on global macro markets in the short term.
CNBC Anchor
Ray Dalio
Explains five historical forces: 1) Debt/Money cycles, 2) Domestic political cycles (wealth gaps ? populism), 3) Geopolitical cycles (changing world order), 4) Acts of nature, 5) Technological inventiveness (AI).
Ray Dalio
Highlights the confluence of a debt bubble, wealth/political bubble, and geopolitical tensions as creating a 'more risky environment,' especially post-2026 US elections.
Asks which of the five risks global investors are most underplaying.
CNBC Anchor
Ray Dalio
Identifies 'debt service,' particularly government debt dynamics combined with politics, as the biggest underappreciated risk.
Asks if he still stands by a ~15% allocation to gold and Bitcoin.
CNBC Anchor
Ray Dalio
Affirms gold is a type of money and a portfolio diversifier, recommending a 5-15% allocation.