Ray dalio: Sees a vast American underclass increasingly dependent

Ray Dalio sees a vast American underclass increasingly dependent on the top 1% The billionaire hedge fund manager says that U.S. economic strength now rests on high-productivity workers, with the ... Ray Dalio founded and built the world’s largest hedge fund, Bridgewater Associates. He’s also the author of the #1 NYTimes Bestseller, Principles: Life and Work and Principles for Dealing with ... Ray Dalio , founder of one of the biggest hedge funds Bridgewater, has dumped his remaining shares in the firm and stepped aside from its board. Ray Dalio warns the Fed's shift from balance sheet reduction to expansion signals dangerous late-cycle debt dynamics that could drive gold and Bitcoin higher before an inevitable bubble collapse.