According to the star investor, we are at the beginning of a long-lasting crisis

By RockedBuzz 1 Min Read

We are at the beginning of a late, protracted debt crisis, because we are creating too much debt and there are fewer and fewer buyers

he explained Ray Dalio at the Bloomberg Invest conference in New York on Wednesday.

According to him, although the interest rates will not go much higher than the current ones, the economic situation will still be much worse, and this may cause many internal disputes, if the political environment in the USA continues to be fragmented.

In light of the above he sees the stock market situation very pessimistically the guru, it can be said with little exaggeration that he is almost already “runs awayBridgewater Associates, which he founded and managed for a long time, from the stock market.

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Cover photo: Lintao Zhang/Getty Images

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