Bridgewater’s Dalio sees US split into “terrible financial situation”

FILE PHOTO: Ray Dalio, founder, co-investment director and co-chair of Bridgewater Associates, speaks at the 2017 Forbes Under 30 Summit in Boston, Massachusetts, USA, on October 2, 2017. REUTERS / Brian Snyder / Photo file

(Reuters) – Bridgewater Associates founder Ray Dalio wrote on Twitter on Sunday that the United States is still in a “terrible financial state” and continues to be “terribly divided,” but added that he liked what went on. to hear from President Joe Biden in his inauguration.

The hedge fund billionaire wrote that the question was whether the president and both sides of Congress would work together “for peace and prosperity that address the great shortages of wealth, values ​​and opportunities we now see.”

Dalio has previously criticized here a growing wealth gap and insufficient investment in public education in the United States, which has been linked to lower school graduation rates, a greater disparity in test scores, and lower student pay. teachers.

Reports from Kanishka Singh to Bengaluru; Edited by Daniel Wallis

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