[darawk]

I don't really know what to tell you here other than that that is incorrect. Not all asset managers are macro experts, you're right. But all asset managers that make market-relevant macro trades sure are.

The kinds of people you would have to influence to move these markets are phd macro economists working for central banks, and portfolio managers at places like Pimco. These kinds of people are not reading Dalio's books and thinking "oh man, never thought about these debt cycles before, better go short treasuries".