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Bridge builder Ray Galio Wednesday warned the world economy with the problem of significant supply demand for US debts may have a deep impact on the global economy.
The US debts from the US Hedge Fund are currently the end of a number of warnings about the country’s national debt with the country’s national debt weak More than $ 36.2 trillion.
“The first thing is the problem of debt, there is a problem with a very heavy supply requirement,” Dalio said CNBC’s Sarah Eisen Be alive In Singapore. “(US) sell an amount of debt that the world does not want to buy.”
He said that this was approached and “the main significance”.
Dalio should go from the US-deficit of the total domestic product by 7.2% of the forecast of GDP to 3%.
“This is a big thing. You are preparing to see shocking developments for how it will be resolved.”
The United States said that Dalio could lead to a rigid era, and the reconstruction of this issue can result in other countries to borrow, and even some creditor countries may result in reducing payments.
“Just as we saw the inconceivable political and geopolitical turns for most people, you will see these things again and again,” Dalio said. “We will be surprised by some developments that will look equally shocked as the developments.”
Comments on the same panel Righteousness CEO Marc BeniOff, come inside the tariff Roller coaster for markets in recent days.
The uncertainty of the trade policy has added a feeling of concern in Wall Street, which is worried about the influence of a beer trade war in the global economy with investors.
In America’s benefit includes Trump’s trading policy, Canada, Mexico and China, designed to indicate the economic order.
Tariffs ‘will cause a fight between countries’
When Simmering Trade Dispute asked the potential consequences, Dalio described the current situation as a “extension of history examples” and read the 1930 as an example of Germany.
Dalio said that at that time, in addition to an increase in the tariffs of increasing income and build a domestic base, in that time. “Be a nationalist, protector, Militarist. This is the way that works are working,” Dalio said.
“This is the case, this is the confrontation of this, and the tariffs are caused by fighting between countries,” Dalio said he did not speak about military confrontation.
“But with us, think of us, Canada, Mexico, China and all of the combat. There will be a battle and I think it’s the main thing to pay attention to Dalio.
Dalio said that these ideas compared a mechanic or doctor’s approach to politically, he said. “I’m not an ideologist,” he said.
