Bridgewater Warns Of Much Lower Equity Prices As Margins Shrink

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In addition to preaching against the dangers of capitalism and warning that unless America can fix its growing inequality problems, it faces a “revolution“, Bridgewater’s Ray Dalio appears to have been reading the research reports by Michael Wilson.

As a reminder, one of the recurring themes laid out over the past year by the bearish Morgan Stanley chief equity strategist, is that with corporate – and especially tech – profit margins near all time highs, there is little opportunity to

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