Bloomberg, Released on 9/22/24

Speaking at the Milken Institute Asia Summit, Dalio said the debt will likely be ignored, with inflation used to reduce its real burden. He also foresees growing fragmentation within the U.S, with states seeking leadership amid “irreconcilable differences” with the federal government.

🇺🇸RAY DALIO: U.S DEBT WILL GROW RELENTLESSLY

Speaking at the Milken Institute Asia Summit, Dalio said the debt will likely be ignored, with inflation used to reduce its real burden.

He also foresees growing fragmentation within the U.S, with states seeking leadership amid… pic.twitter.com/4AUBLtGQOX

— Mario Nawfal (@MarioNawfal) September 22, 2024

Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world’s largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor’s Alpha ranked him No. 2 on their 2012 Rich List. Dalio has been labeled the Steve Jobs of investing. Ray’s latest book is Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail.

  dollar, gold, inflation, investing, Ray Dalio, us debt