2023-06-08 09:32:00
Dalio: Interest rates won’t go up much, but the economy will get worse
The billionaire founder of Bridgewater, Ray Dalio, said that the US is experiencing stubbornly high inflation along with high real interest rates.
“We’re at the beginning of a late crisis of a big debt cycle, when you’re producing too much debt and not enough buyers,” Dalio said Wednesday while speaking at the Bloomberg Invest conference in New York.
“While interest rates won’t go up much, the economy will get worse, and that might cause more internal conflict if the US continues its political fragmentation,” he said.
Dalio, 73, relinquished control of Bridgewater, which runs the world’s largest hedge fund, last year. He has been focusing on building his family’s office, and plans to set up a branch in Abu Dhabi.
His fortune is $16.5 billion, according to the Bloomberg Billionaires Index, which was reviewed by Al Arabiya.net.
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