He warned about a “civil war of some sort” developing in the U.S. and other parts of the world due to the “irreconcilable differences.”
Bridgewater Asset Management founder Ray Dalio has once again warned about a looming debt crisis in the U.S., even as a 10-day-old shutdown due to a lack of consensus among lawmakers over a funding deal cripples the government. His comments were made in an interview with Bloomberg aired on Friday.
Calling the outsized increase in debt relative to income growth a “plague in the arteries,” Dalio said it then begins to squeeze spending. The situation has created a climate eerily similar to that of the years before World War II, he said. The spiraling U.S. debt is one of the billionaire investor’s oft-repeated concerns. Aside from the debt, Dalio also flagged global conflicts and wealth inequality as factors that have served to create an environment with “plenty to worry about.”
Dalio,…
