Ray Dalio said many major economies such as UK, the EU, China and Japan are on unsustainable paths, advising investors to diversify across asset classes, reduce exposure to debt, hold gold and 'a bit of Bitcoin' to hedge against any debt crises.
Ray Dalio called the supply-demand issue around US debt of 'paramount importance', and said, "You are going to see shocking developments in terms of how that’s going to be dealt with."
Should US inflation move closer to 3%, Trump may be inclined to nominate a Federal Reserve chairman who would accommodate the higher target and free him to cut rates, Bridgewater Associates Co-Chief Investment Officer said.
Bridgewater has 400 staffers focused on mapping out how certain events will impact markets and the firm still gets 40% of its calls wrong, Bar Dea said at the Qatar Economic Forum
The founder of one of the largest hedge funds in the world tweeted about how he managed to "squeeze a whole lot more life into life".
Billionaire Investor Ray Dalio raises concerns about overpriced US stocks and looming economic and political uncertainties.
Given the debt levels, Dalio's apprehensions include a scenario where the crisis could potentially push economic growth dangerously close to zero, fluctuating within the narrow range of 1 to 2 percent.