Foreign media reports, the world’s large hedge funds – the founder of the Bridgewater Fund, the “King of Crocodiles” called Dalio (Ray Dalio), observed several problems that could lead to a stock market crash. The first is the widening gap between the rich and the poor. During the epidemic, even though many people lost their jobs and became poorer, but there are still ten top billionaires sitting on a huge fortune of up to 540 billion U.S. dollars, which makes the gap between the rich and the poor situation becomes more serious.
The second is the values gap. For example, the American people either support Trump or Biden, or neither, or there are differences in the perceptions of Democratic and Republican supporters. This kind of value gap will cause more conflicts.
Another point is the huge debt problem. Last year the U.S. debt exceeded $27 trillion, which is higher than the gross domestic product (GDP) for the same year. The debt problem, combined with the widening gap between rich and poor and the values gap, has made the U.S. economy “shaky”. In this regard, Dalio believes that the United States is now in a worse financial situation than in 2008, although the economic crisis will certainly occur, but everyone should be aware of the conditions that led to the crisis.
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