Squawk Pod Ray Dalio, Bubble Fears, & Nvidia’s Beat 11/20/25
51 snips
Nov 20, 2025 
Joined by Ray Dalio, founder of Bridgewater Associates, and Kristina Partsinevelos from CNBC, the discussion dives deep into economic bubbles, particularly surrounding AI and broader markets. Dalio shares insights on the risks of concentrated ownership and debt, emphasizing the importance of a diversified portfolio. Partsinevelos breaks down Nvidia’s impressive earnings report and the implications for the tech sector. They also explore the interplay of government regulations in AI, painting a vivid picture of current market dynamics.
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Bubbles Are About Cash Needs
- A bubble forms from who needs cash, not from good estimates about the future.
- Wealth must be sold to get money, and that selling pricks bubbles.
Assess Who Holds The Assets
- Evaluate who holds assets and whether holders are 'strong hands' or 'weak hands.'
- Weak, leveraged public ownership increases bubble fragility and selling risk.
Indicator Shows High Vulnerability
- Dalio's bubble indicator shows current readings near past peaks, around 80% of 1929/2000 extremes.
- That indicates high vulnerability but not yet the prick that ends the bubble.