Dubai, United Arab Emirates – Hedge Fund Titan Ray Dalio issued a fresh warning about the American economy, warning of the serious consequences if Trump administration does not reduce the debt of the country.
“It’s like I was a doctor and I talked to you about your condition, I would tell you, this is very, very serious now. These are all the main problems,” Dalio Danio Murphy said at CNBC Summit at the World Government Summit in Dubai . “What you need to do is reduce your deficit with about seven and a half percent of GDP to 3% gross domestic product, and you can do so. There are certain things you can do in a certain way in which” I will do it much healthier, so that the real problem is a political problem. “
IN American gross state debt stood approximately $ 36.22 billion dollars from February 11 28.8 billion dollars of that as a debt that holds the public In the form of securities owned by individuals, corporations, state or local self -government, banks of federal reserves, foreign governments and other entities outside the US government.
High debt means that the Government spends more on interest payment and is more economically vulnerable in the case of future economic crises. It also leads to greater inflation and creates a burden for future generations.
“I want to warn people. I want to warn government officers,” said the founder of the billionaire Bridgewater Associates. “I want to help, you know, and that’s how I feel like a doctor, and then I would say everyone, political … If that doesn’t happen, and we have an equivalent, you know, an economic heart attack or a heart attack on the bond market, then you know who is responsible because it can happen. “
“So it requires the same type of discipline as if I told you, okay, you need to change the way you eat, you need to change your workout routine and you need to do it.”
Dalio emphasized that governments are responsible and that the leaders should turn to reduce the budget budget deficit from 7.5% to 3% of their GDP or resign.
When asked what his message was Trump’s administration, he replied:
“I think they recognize the problem, and then in the actions that are taken, how to reduce costs? How do you increase productivity? … ensure you really know what you are doing and are practical, and you do this … conservative side, because you know how much we will do Actually to be cutting?
Dalio also warned of a debt in private loan, saying that “the spiral of death is long that part of the cycle, when the debtor must borrow money to pay the debt service, and it accelerates, and then everyone sees it, and they do not” do not “want to keep it debt.
Dalio’s Bridgewater Associates is one of the world’s largest hedge funds. She had $ 171.7 billion in property under the administration of September 2023, according to the US Securities Commission.
