Ray Dalio: There’s a ‘dangerous situation’ in the debt market now

CNBC, Released on 9/13/16

“There’s only so much you can squeeze out of the debt cycle, and we’re there globally.”

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.

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