The Bridgewater Associates founder argued China will continue to have the edge in producing applications for AI chips compared to the U.S.

Billionaire hedge fund manager Ray Dalio has a bearish outlook on the US economy, citing the escalating debt crisis as the Trump administration attempts to wrangle an annual deficit that topped $1.8 trillion in fiscal 2024 alone.

Bridgewater Associates founder Ray Dalio said on a recent podcast that the U.S. could be headed towards a future “economic heart attack" without government action.

When you reach the part of the cycle that you have to borrow money to pay debt service, and the holders of those bonds say it’s a risky situation — in the private debt market, we call that the debt death spiral,

Ray Dalio, the billionaire founder of hedge fund Bridgewater Associates, has a warning for the Trump administration: commit right now to reducing the deficit or risk a major debt crisis within three years.

Bridgewater founder Ray Dalio compared the US debt to plaque building up in a heart, and said it was vital to act before the situation worsens.

Ray Dalio, founder of asset manager Bridgewater Associates, said Trump's plan to cut taxes while ramping up spending would trigger a meltdown