Latest news with #BridgewaterAssociates
Bloomberg
6 hours ago
- Business
- Bloomberg
No Decision Yet on September Rate Cut, Tariff May Boost Inflation: Powell
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Bridgewater Associates' Rebecca Patterson, Futurum's Daniel Newman, MNTN's Mark Douglas, Ford's Jim Farley, Airbus' Guillaume Faury, Former Fed Governor Betsy Duke. (Source: Bloomberg)
Yahoo
17 hours ago
- Business
- Yahoo
Ray Dalio Recommends 15% Bitcoin and Gold Investment as U.S. Faces ‘Debt Doom Loop'
Bridgewater Associates founder Ray Dalio is calling for investors to allocate 15% of their portfolios to bitcoin (BTC) or gold, citing heightened risks from the U.S.'s accelerating debt burden and long-term currency devaluation. 'If you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin,' Dalio said on the Master Investor podcast Sunday. The comments mark a notable shift from his 2022 recommendation of just 1–2% in BTC, reflecting growing concern over what Dalio calls a 'debt doom loop.' He pointed to a projected $12 trillion in new Treasury issuance over the next year, required to service the U.S.'s $36.7 trillion national debt. A U.S. Treasury report on Monday confirmed the trend, with the government expecting to borrow $1 trillion in Q3, $453 billion more than previously forecast, followed by $590 billion in Q4. Dalio, who still favors gold over bitcoin, described both as 'effective diversifiers' in a scenario where fiat currencies lose value relative to hard assets. Still, he maintains skepticism about the asset's role as a reserve currency, citing concerns about surveillance and the transparency of the blockchain. 'Governments can see who is doing what transactions on it,' he said, adding that any code-level vulnerabilities could undermine Bbtcoin's credibility as an alternative money. While Dalio owns 'some Bitcoin,' he framed his updated 15% recommendation as flexible: The specific ratio of BTC to gold is 'up to you,' he trades just over $118,000 in Asian morning hours on Tuesday. UPDATE (July 29, 14:58 UTC): Rewrites headline. Melden Sie sich an, um Ihr Portfolio aufzurufen.
Daily Mail
a day ago
- Business
- Daily Mail
Hedge fund boss Ray Dalio warns Britain trapped in 'debt doom loop'
Britain is caught in a 'debt doom loop', the boss of one of the world's biggest hedge funds has warned. US billionaire Ray Dalio (pictured), who founded Bridgewater Associates, said that the warning signs were 'beginning to flash and flicker' amid higher taxes, rising debts and sluggish growth. But he said the Government's efforts to raise funds by hiking taxes would drive away wealthy taxpayers – leading to a downward spiral for the economy. It comes as Rachel Reeves prepares to further increase levies and slash spending in October to avoid breaking her fiscal rules. Analysts have warned that the Chancellor is facing a black hole of up to £30billion in the Autumn Budget. 'As the financial problems and the social problems worsen, having the effect of causing people with money to leave. That's a problem because – I don't know the exact numbers in the UK, but they're analogous to the US – 75 per cent of income taxes are paid by the top 10 per cent. So if you lose 5 per cent of the population in that category, half of those people, you lose 35 per cent or more of the tax revenue.' He added: 'So you have this financial deterioration, that precedes social and economic deterioration that has caused migrations all around the world and so on. And there is only one way to deal with that. Both of our countries need a strong leadership of a strong middle. They have to have the war between those of the left and those of the right begin to end because difficult choices are going to have to be made, you know, like our countries had in World War II.' It comes after the International Monetary Fund (IMF) last week cautioned that Ms Reeves faces having to take drastic action on spending unless she abandons her pledge not to hike taxes on working people. Mr Dalio's comments echoed a warning from the head of the UK spending watchdog who earlier this month said there were 'reasons to worry' about surging debt, but cautioned against 'higher and higher taxes'. Richard Hughes, chairman of the Office for Budget Responsibility (OBR), told MPs that successive chancellors had been willing to see the debt pile 'ratcheted up and up over time'.
Business Insider
a day ago
- Business
- Business Insider
Here's how much crypto or gold investing legend Ray Dalio says you should have in your portfolio
Hedge fund icon Ray Dalio hasn't been feeling particularly upbeat about the prospects for America's fiscal situation. The founder of Bridgewater Associates, Dalio has lately been sounding the alarm on a brewing US debt crisis he believes is quickly approaching. On an episode of the Master Investor podcast over the weekend, he discussed the current economy with host Wilfred Frost, stating that he thinks investors should allocate roughly 15% of their portfolio for either bitcoin or gold due to the currency debasement he sees unfolding as the US dollar is debased by rapid borrowing and deficit spending. "If you were neutral on everything and optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or bitcoin," he said. Dalio added that while he strongly prefers gold over bitcoin, he believes the real economic issue facing markets and investors is the devaluation of fiat money, a phenomenon which occurs in times of both economic excess and geopolitical tension, both of which apply to America's current situation. Citing previous historic examples, such as the market spasms of the 1970s, Dalio stressed the importance of holding an effective diversifier in your portfolio and holding 15% as a hedge against. However, he also made it clear that he doesn't think investors should "go overweight" in allocating more than 15% to these assets, stating that diversification was more important than trying to play the market. Other financial experts, such as Ric Edelman, have said that it may make sense for investors to have as much as 40% of their portfolios allocated for crypto. But for someone like Dalio, a more measured approach is on brand. "15% of a portfolio is a rather small share — after all, the remaining 85% can be invested however you like," said Arthur Azizov, founder of B2 Ventures. "[Dalio] is simply encouraging people to have a solid foundation, so that in the event of unexpected circumstances, they have a more likely chance of making a profit."
South China Morning Post
2 days ago
- Business
- South China Morning Post
Why did Chinese economist slam Ray Dalio on debt situations in US, China?
A prominent Chinese economist has pushed back against Bridgewater Associates founder Ray Dalio's views on the debt situations in China and the United States, as debate over the fiscal directions of the world's two largest economies heats up. Xu Gao, chief economist at Bank of China International (China), said in a recent 9,000-word article that Dalio was mistaken in calling for China to deleverage, arguing that such a view 'misjudges' the country's debt dynamics. 'China's recent debt-rollover issues were not caused by excessive borrowing, but by overly harsh deleveraging policies that disrupted liquidity,' Xu wrote in the article titled 'Where Did Dalio Go Wrong on National Debt?' 'Rather than doubling down on deleveraging, we need to correct the mindset behind it, which has already weighed heavily on the macro economy,' Xu said. His comments, posted to social media on Thursday, came as economists and policy circles have been discussing whether more stimulus is needed in the second half of the year to shore up China's economy amid external uncertainties, a prolonged property downturn, and persistent deflationary pressures. Attention is now turning to an upcoming Politburo meeting that is expected to set the policy tone for the second half.
