Dalio Says Sell Bonds, Buy Gold, Bitcoin as Debt Crisis Looms - Yahoo Finance

Dalio Says Sell Bonds, Buy Gold, Bitcoin as Debt Crisis Looms - Yahoo Finance

Source: Yahoo Finance

DW NOTE

Dalio is stating the obvious in catastrophic terms when he should be asking why Treasuries still yield 4.69% while gold sits 12% below its January high. If debt monetisation were truly inevitable, the 10-year would be trading like Argentine paper and gold would be making new highs weekly. The market is pricing something between crisis and muddle — which means it hasn't decided whether Washington will default through inflation or simply crowd out private credit for another decade.

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