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Ray Dalio says the economy isn’t growing because ‘the world is mad’

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Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., U.S., on Friday, Oct. 18, 2019.

Al Drago | Bloomberg | Getty Images

Central banks have been giving cheap money to investors who have been injecting it into companies that are often unprofitable and don’t contribute to economic growth, says billionaire hedge fund manager Ray Dalio.

“The system of making capitalism work well for most people is broken,” he wrote.

The founder of Bridgewater Associates, the world’s largest hedge fund, recently put up a LinkedIn post titled: “The World Has Gone Mad and the System Is Broken.” In…



Source cnbc.com

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