(Reuters) – Bridgewater Associates founder Ray Dalio wrote on Twitter on Sunday that the United States is still in “dire financial straits” and remains “terribly divided”, but added that he liked what he heard from President Joe Biden in his possession.
The hedge fund billionaire wrote that the question was whether the president and both parties in Congress would work together “for peace and prosperity that address the great wealth, values and opportunity gaps we are seeing now.”
Dalio had previously criticized the growing wealth gap and underinvestment in public education in the United States, which he linked to lower high school completion rates, greater disparity in test scores and lower teacher pay.
Kanishka Singh reporting in Bengaluru; Edition of Daniel Wallis