Ray Dalio: Quarter-Point Fed Cut ‘Right Thing’ for Creditors

Bridgewater Associates founder Ray Dalio says the overall state of the US economy probably warrants a smaller interest-rate cut by the US Federal Reserve this week. "25 basis points would be the right thing to do if you look at the whole picture,” Dalio tells Bloomberg Television on the sidelines of the Milken Institute Asia Summit 2024. “If you look at the mortgage situation, which is worse and that affects more people, then it’s probably 50 basis points.”
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[ianchrist]

There will never be a default on the USD. The dollar has already devalued by 99% in the past century, and this trend will continue. No government in human history has defaulted on debts in its own currency; issues only arise when the debt is in a foreign currency.

[michael.j.mueller]

If his investment in China is so small then whats the difference to not being invested in China at all?

[milosnestorovic]

It is necessary to take it Slowly cutting rates now....

[masterchinese]

The last point was the most relevant: need leadership that moves to the rational middle and isolates the extremes of both sides. We need less hyperbole and propaganda and more action that the average American get behind.

[akshaymanglani]

30 year mortgage is at 7.75-8% which is quite hefty - something more to be analyzed here - especially in terms of younger people buying homes, getting married, having kids etc - effects on overall economic trajectory of the United States

[interpol]

Interest rate cut mean inflation above five percent, no one want higher inflation, don’t cut interest rate at all

[rodneydowd]

I wish I could comprehend this stuff better…

[rubylaser]

He said China would be #1. What happened?

[macaccount]

As an economist, I have no idea what this is about. Just word salad

[devstatingx]

There is no perfect solution because there are too many moving parts

[kk]

The bloomberg anchor seems lost. Someone help the poor lady!

[robertwang]

US debt will reach US60T in no time, and interest on that debt will be way over US1T, so you gonna borrow even more just to service that debt. Leave it to future generations to figure it out. What a great approach from the supposed top economy of the world. Spend NOW, worry LATER

[kevinburkedeburgh]

Ray u can thank Trump for the regressions be better next time and take care of America instead of the grifter base!

[mikisipilainen]

What the hell did he mean by that word salad?

[AgentX]

Ray made the wrong bet on direction of U.S. economy and position of the stock market!😂

[georgelien]

Don’t think he knows what he is talking about.

[disneytakeshugedix]

Currency 💵 bubbles 🫧 implosion ! Look 👀 at the Japanese 🇯🇵 Yen 💴, the first G7 currency 💵 to collapse ! Sigh 😮‍💨

[CTOInformation]

This is <Bloomberg China in trouble> channel. 🤣🤣🤣🤣🤣🤣

[Yomamaissoo]

We read the book on you Ray. You are a joke at this point.