Ray Dalio, founder of LP Bridgewater Associates, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, USA, on Tuesday, October 3, 2023.
Bloomberg | Bloomberg | Getty Images
Bridgewater founder Ray Dalio On Wednesday, he warned that a “very serious” problem of American supply could lead to “shocking development”.
“The first question is debt, we have a very serious problem with the offer on request,” Dalio told CNBC’s Sara Eisen in CNBC Converge live in Singapore.
Dalio said he would require this from the White House to sell the amount of debt that the world would simply would not want to buy.
“These are a number of circumstances that are immediate, okay? This is the most important importance,” he said, adding that most people do not understand the mechanics of debt.
Dalio said that a deficit to the US must go from a projected level of 7.2% of the gross domestic product at about 3% of GDP.
“It’s a big deal. You’ll see shocking events in the sense of how it will get rid of it,” he added.
His comments come in the middle of the tariff Roller-Coaster for markets in recent days. The uncertainty of trade policy has added a sense of discomfort on Wall Street, and investors are concerned about the impact of a trade in the global economy.
This is news. Refresh for updates.
