1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Holly LaFon
Holly LaFon
Articles (8062) 

Ray Dalio Comments on US Economy

September 12, 2012 | About:

(Reuters) - Hedge fund titan Ray Dalio said the U.S. economy had come out of the "intensive care unit," but he warned against any quick move to "austerity" budget measures.

"We were in the intensive care unit," Dalio, who runs the $120 billion hedge fund Bridgewater Associates, told more than 200 guests at the Council of Foreign Relations in Manhattan on Wednesday. "We are largely healed and largely operating in a manner that is sustainable if we don't hit an air pocket."

Dalio said a major challenge for U.S. politicians will be dealing with the so-called fiscal cliff, which many in Washington call the year-end expiration of the Bush-era tax cuts and previously agreed-upon cuts in defense spending and social programs.

Continue reading.


Rating: 2.8/5 (5 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Holly LaFon


User Generated Screeners


jjandhbEarnings power value
jlhpersonal11/2017 - 6 Month Mechanical P
avstudio1Nov 24-try 1
sonderek50 ROC
rmaciver1Hennigar
rael2222PUNTO G2
pbarker461 Dividend, ptbv, rsi
kancheesiong5PoverFCF
kancheesiong1%Growth
kancheesiong10YProfit3Growth
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK