The founder of Bridgewater, Ray Dalio, warned on Wednesday that a significant problem of the offer in relation to US debt could have deeply disturbing effects on the global economy.
It is the youngest in a number of strict warnings about the American hedge fund billionaires of the America, with the state's debt at the moment currently more than 36.2 trillion dollars.
“The first thing that has the debt problems has a very serious problem with the supply actor,” Dalio told Sara Eisen from CNBC at Converge Live in Singapore. “[The U.S. has] To sell a lot of debts that the world does not want to buy. “
He said this was imminent and “of the greatest importance”.
The US deficit must increase from a projected level of 7.2% of the gross domestic product to about 3% of GDP, said Dalio.
“This is a big deal. You will see shocking developments in relation to how this is treated,” he added.
When asked whether the US debt problem could lead to a time of austerity measures, Dalio said that the problem could lead to a restructuring of the debt, the United States, which exert pressure on other countries for the purchase of the debt or even reduce payments to some believers.
“Just when we see political and geopolitical changes that seem unimaginable for most people, they will repeat these things again and again when you only look at the story,” said Dalio. “We will be surprised by some developments that, like the developments we have seen, appear to be shocking.”
His comments, which were made in the same body as the CEO of Salesforce, Marc Benioff, have come in the past few days in the middle of a tariff scooter coaster ride for the markets.
The uncertainty of trade policy has contributed to a feeling of discomfort in Wall Street, with investors being concerned about the effects of a brewing war on the global economy.
Trump's trade policy, which is supposed to expand the economic order in favor of America, includes tariffs against Canada, Mexico and China.
Customs “lead to the struggle between the countries”
When Dalio was asked about the potential consequences of a boiling trade dispute, he described the current state of affairs as the “expansion of the patterns of history” – and explained Germany as an example from the 1930s.
Dalio said that at that time there would be a Withon of debt and an increase in tariffs to increase the income and an expansion of its domestic base. “Be nationalistic, protectionist, militarist. This is how these things work,” said Dalio.
“The problem is really the confrontation of all this, the fights of all of this. So the tariffs will cause fights between the countries,” said Dalio, adding that he did not necessarily talk about a military confrontation.
“But think of us, Canada, Mexico, China and all these fights.
Dalio said he shared these views as a politically neutral observer and compares his approach to a mechanic or a doctor. “I'm not an ideologist,” he added.
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