Keyword: dalio
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Bridgewater Associates founder Ray Dalio says America’s $35.327646622839 trillion national debt will continue to grow no matter who wins the race for the White House. In a new interview with Bloomberg at the Milken Institute Asia Summit 2024, Dalio says the fast-approaching November election represents a crossroads for a number of critical issues including taxation and the reach of the federal government. The billionaire believes the national debt is bound to be ignored while the government uses inflationary policies to reduce the real burden of its debt. “We have an enormous amount of debt, and it’s going to keep increasing....
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Every time the Ray Dalios of the world open their mouths on the risks that the great unwashed masses pose to “Our Democracy™,” they make the idea of a political separation sound far more agreeable. The other day, Ray Dalio, the billionaire investor and founder of Bridgewater Associates, told The Financial Times that he sees the risk of a second American civil war as “growing” and places the odds of such a war at “35-40 percent.” According to FT, Dalio’s “research” has led him to conclude that “we are now on the brink,” although we “don’t yet know if we...
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CommentaryEnvision a country in which “the state runs capitalism to serve the interests of most people” and our politicians won’t let “rich capitalists stand in the way of doing what they believe is best for the most people of the country.”That sounds a lot like Bernie Sanders or Alexandria Ocasio-Cortez describing their far-left ideal for America. It’s not that far removed from the Marxist maxim that predates Karl Marx himself of “from each according to his ability, to each according to his needs,” and it goes completely against the free-market principles that drive successful investors and entrepreneurs in the Land...
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Original headline: World’s biggest hedge-fund manager ‘thrilled’ with Biden’s inauguration speech but still believes America’s on ‘brink of terrible civil war’Back in early December, Ray Dalio, the billionaire founder of Bridgewater Associates, sounded the alarm on class and power struggles that are tearing the country apart, saying the U.S. “at a tipping point in which it could go from manageable internal tension to revolution and/or civil war.” A few weeks and a new president later, and Dalio does not seem to be getting any more optimistic about the nation’s prospects going forward. “I believe we are on the brink of...
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https://twitter.com/RayDalio/status/1340110013122134019 It is with great pain that I am sharing with you that my 42 year old son was killed in a car crash yesterday. My family and I are mourning and processing and would prefer to be incommunicado for the time being. 7:41 PM · Dec 18, 2020
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The son of the owner of the world’s largest hedge fund died Thursday after he crashed his car into a Verizon store in Greenwich, Conn., authorities said. Devon Dalio, 42, was the son of Raymond Dalio, 71, the billionaire founder of Bridgewater Associates, a hedge fund he founded in 1975. Dalio’s Audi crashed into the Verizon store at a shopping center Thursday afternoon and burst into flames. Police are still investigating the cause of the crash which almost destroyed the store, according to the Associated Press.
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Has a trade war started? The stock market doesn’t suggest that a full-scale trade fight between China and the U.S. has erupted, but a tweet from Ray Dalio, founder of hedge fund Bridgewater Associates, implies otherwise. Friday afternoon, Dalio tweeted: “Today is the first day of the war with China.” Today is the first day of the war with China. — Ray Dalio (@RayDalio) July 6, 2018 The tweet from the founder of the world’s largest hedge fund, which manages some $160 billion, comes after the U.S. slapped levies on $34 billion of 25% on China’s exports at midnight, and...
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Ray Dalio, the founder of Bridgewater Associates, the world's biggest hedge fund firm, says people should expect a major shift under President-elect Donald Trump. "Regarding economics, if you haven’t read Ayn Rand lately, I suggest that you do as her books pretty well capture the mindset," he wrote in a LinkedIn post on Monday. "This new administration hates weak, unproductive, socialist people and policies, and it admires strong, can-do, profit makers." The post continued: "It wants to, and probably will, shift the environment from one that makes profit makers villains with limited power to one that makes them heroes with...
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The last surviving actress from the iconic movie Casablanca has died. Madeleine Lebeau played Yvonne, the jilted lover of Humphrey Bogart's Rick Blaine, in the 1942 film. Lebeau's stepson told The Hollywood Reporter that she had died aged on May 1 in Estepona, Spain aged 92, after breaking her thigh bone. The French-born actress was preceded in death by all of her credited Casablanca co-stars, including leads Bogart and Ingrid Bergman.
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In a worst case scenario, he painted a much darker picture. “When people get at each other’s throat, the rich and the poor and the left and the right and so on, and you have a basic breakdown, that becomes very threatening,” Dalio told CNBC in an exclusive interview on “Squawk Box.” “For example, Hitler came to power in 1933, which was the depth of the Great Depression, because of the social tension between the factions. So I think it very much is dependent on how the people work this through together and worry about the social elements.”
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