When asked how to unwind the world’s huge borrowings, he said when debt becomes a big share of the economy, the situation “tends to compound and accelerate” as interest payments also grow. “We’re at that turning point of acceleration.”
Bridgewater Associates LP founder Ray Dalio said he doesn’t want to own bonds and prefers cash, highlighting difficulties investors face as global central banks try to manage inflation.
“I don’t want to own debt, you know, bonds and those kinds of things,” the billionaire said Thursday at the 10th Milken Institute Asia Summit in Singapore, when asked to don the hat of a fresh macro investor in the current landscape. “Temporarily right now, cash I think is good.”
