Iconic investor Ray Dalio warns that the tariff policy of US President Donald Trump can cause a global economic delay.
In a new interview on CNBC, the founder of Bridgewater Associates says that he is serious concern that increasing rates can cause macro -economic destruction at a time when the nation stands for various other challenges.
“I agree with the problem. I am very worried about the solution, the usability of the solution. In other words, I think this will not only create the problem, the problem of the capital markets I am talking about in connection with the prices rising, the costs rise, the turnover that valleys and capital problem will create this great sand worldwide.
At the same time, I agree that this interdependence, this issue of productivity in the world in which we must be competitive and productive, and we are not competitive in producing things, a problem in the longer term, not easy. And I do expect that it will have political consequences. This is the nature of the cycle. ”
Dalio also says that the nation must take on other systemic challenges, such as reducing guilt and reducing government spending.
“It also comes at the same time that we have a budget problem. Now the budget problem is a comparable important problem. So if we look ahead in the coming months, we have to get the budget deficit of up to 3% of gross domestic product. Problem with competition.
https://www.youtube.com/watch?v=Weku1D1QSR8
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