Ray Dalio Warns SVB’s Collapse Shows Cracks Widening in Global Finance
- Hedge fund founder: Economy entering new era post-rate hikes
- Dalio says it’s likely ‘many more problems’ will follow SVB
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Bridgewater Associates founder Ray Dalio warned Silicon Valley Bank’s failure shows cracks widening in global finance, joining other US billionaires raising the alarm on fallout from the lender’s collapse.
“This bank failure is a ‘canary in the coal mine,’” Dalio said in a newsletter Tuesday. It’s an “early-sign dynamic that will have knock-on effects in the venture world and well beyond it.”