The current AI valuation situation resembles 1998-99 during the dot-com bubble, where high prices create a precarious situation intersecting with a broader troubled world economy affected by the other four forces (debt, political instability, geopolitical conflict, climate).

causalpending

Speaker

Ray Dalio

Evidence Quote

this looks very much like 1998 99 to me... you have this bubble developing in a precarious World economy that has the effects that you're seeing... we have the other four forces that are bad and we have high prices [8:57]

Source

Ray Dalio and Salesforce’s Benioff on AI, trade wars and new world orderCNBC International Live
Created: 8/11/2026, 5:33:25 AM

My Notes

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