Bridgewater founder Ray Dalio on Wednesday warned that a 'very severe' U.S. supply-demand problem could lead to shocking developments.
Ray Dalio , founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.on Wednesday warned that a "very severe" U.S. supply-demand problem could lead to "shocking developments.
" "The first thing is the debt issue, we have a very severe supply-demand problem," Dalio told CNBC's Sara Eisen atDalio said this will require the White House to sell a quantity of debt the world is just not going to want to buy. "That's a set of circumstances that is imminent, OK? That is paramount importance," he said, adding that most people don't understand the mechanics of debt. Dalio said the U.S. deficit needs to go from a projected level of 7.2% of gross domestic product to about 3% of GDP. "That's a big deal. You are going to see shocking developments in terms of how that's going to be dealt with," he added.. Trade policy uncertainty has added to a sense of unease on Wall Street, with investors concerned about the impact of a brewing trade war on the global economy.
Breaking News: Asia Singapore Business Asia Economy Ray Dalio Ray Dalio Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ray Dalio Issues Dire Warning on US Economy, Urges Debt ReductionRay Dalio, founder of Bridgewater Associates, a leading hedge fund, has issued a stark warning about the US economy. He emphasizes the seriousness of the situation, urging the government to significantly reduce the budget deficit from 7.5% to 3% of GDP. Dalio warns of dire consequences if this is not addressed, likening it to a potential 'economic heart attack.' He stresses the political nature of the problem and urges leaders to take decisive action or resign.
Read more »
Ray Dalio Warns of U.S. Economic Crisis if Debt UncheckedHedge fund billionaire Ray Dalio issued a stark warning about the U.S. economy, urging for drastic action to reduce the nation's debt. Dalio emphasized the severity of the situation, comparing it to a patient facing a life-threatening condition. He called for a commitment from government leaders to slash the budget deficit from 7.5% to 3% of GDP or resign, highlighting the political nature of the problem. Dalio stressed that high debt levels lead to increased interest payments, economic vulnerability, inflation, and burdens on future generations. He also warned of a potential 'debt death spiral' in private credit, where debtors must borrow more to service existing debt, further exacerbating the crisis.
Read more »
Hedge Fund Titan Ray Dalio Issues Dire Warning About US EconomyRay Dalio, founder of Bridgewater Associates, one of the world's largest hedge funds, warns the Trump administration about the dangers of the US national debt. He urges immediate action to reduce the deficit and avoid a potential economic crisis.
Read more »
Ray Dalio's Surprising Connection to the Chicken McNuggetLegendary hedge fund investor Ray Dalio reveals his early career as a commodities trader and how he helped McDonald's stabilize the price of their iconic Chicken McNuggets.
Read more »
Ray Dalio Warns of Potential 'Economic Heart Attack' for US Without Government ActionBridgewater Associates founder Ray Dalio issued a stark warning, asserting that the United States could be on the brink of an economic crisis unless the government takes immediate action to address its growing deficit and national debt.
Read more »
State Street teams up with Ray Dalio's Bridgewater on new 'All Weather' ETFA version of the Bridgewater strategy, created in 1996, is now available to regular investors in a fund.
Read more »