Corporate losses in the U.S. from coronavirus will top $4 trillion: Bridgewater founder Ray Dalio

“What’s happening has not happened in our lifetime before ... What we have is a crisis,” Dalio said in a “Squawk Box” interview. “There will also be individuals who have very big losses. ... There’s a need for the government to spend more money, a lot more money.”

The total U.S. GDP at the end of 2019 was more than $21 trillion. The founder of the Bridgewater Associates hedge fund also estimated the global corporate losses will amount to $12 trillion due to the pandemic.

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[DividendGrowthInvesting]

I guess cash is no longer trash. That escalated fast.

[blahblah]

"That's with a 'T'?" LOL come on man don't make me laugh at a time like this

[chiquita]

Dalio December 2019: Cash is Trash!

Dalio March 2020: Bail me out!!

[people]

"Cash is trash"


-Ray Dalio Feb 2020

[NotAnAngryLesbian]

It’s OK. The war in Iraq cost three trillion.

[brickstunram]

So many people in the comment section that are not in the industry, have terrible financial literacy, and a loud opinion about one of the best money managers on the planet.

[noelazo]

All the company’s are gonna do is give themselves bonuses and do buy backs like before.

[Itsbestbro]

I can't believe they let Ray talk

[chathurangaabeyawardana]

Seems like everybody forgot the fact that ray Dalio bought 1billion puts for 35 billion equity in November 2019 forecasting world markets will crash by March 2020.

Win win scenario for him

[randomlife]

" Trillion that's with a 'T' ? "

[oma]

Summary: if you dont die from corona, you will die from hunger!

[johnjordansailing]

I'm self employed. Dude, where's my bailout?

[Irshu]

Ray has been talking about the debt cycles, monetary policy and the interest rates hitting 0 for a long time. Cold hard truth, may god bless all our portfolios. I messed up and lost 50% of my portfolio value. Went all in on cash now. Its stomach hurting...

[lppoqql]

People need to understand simple math, there are two choices you sell your position today at some lost or keep holding until the prices comes back. Lets look at the difference:
1. if you sell today and buy back later. Let say you sell at $20 today and hold cash until the price goes down to $10 now you own 2 shares. When the prices goes back to $20 now you have $40
2. if you hold on to your stocks, you will still go through the whole cycle and when it comes back to $20 you will still only have $20.
Plus holding cash now will give you more opportunity to buy even better value in the future. We are only 2 weeks into this crisis, anyone who tells you we are at market bottom is a moron. There is still further to go. Be smart

[manosk]

Thank you, Ray. You’ve been consistently saying so all along ! Let’s see now how we move on from here and Yes, God Bless us

[darrinsiberia]

I've never spent a cent on the stock market in my life. Now I'm learning the way to buy diversified stocks I believe in. It takes a lot of thinking. It's a game but with real life consequences. But if you can use your instincts and work slowly and thoughtfully... I think you can be successful.

[CMRinehart]

Even when businesses open back up, lots of people won’t have any money to spend. So the pain will continue.

[jimchan]

I'm tired of these corporations, let them Bankrupt! Don't use taxpayers money for Bailout when the small businesses doesn't have a say in Bailouts!

[petermangano]

So now the Fed has as to buy everything with printed money, what could go wrong?

[rulz]

Meanwhile CEOs will still receive bonuses.