The most important thing is cooperation between elected officials and individuals, says the Bridgewater Associates founder.
, Bridgewater Associates’ billionaire founder Ray Dalio predicted a three-to-five year period of global restructuring, and that self-sufficiency, creativity, adaptability and bipartisanship will be the keys to economic recovery.Bridgewater Associates with $160 billion in assets under management.“Not only will individuals want to ensure their self sufficiency, but countries are going to want to have self-sufficiency because they're also vulnerable,” said Dalio in the interview.
The founder of the largest hedge fund in the world, with $160 billion in assets under management, also warned that countries will need to tap into reserves to recover from the coronavirus crisis, “some of them will run out of those savings, even the rich countries...a lot of the world will not be protected.”“We have enough resources to make this all fine, and we have enough creativity,” Dalio said. “It’s all going to depend on how we are with each other.
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