Reuters / Ruben Sprich
- Ray Dalio is worried about America's borrowing binge and economic growth cooling.
- The billionaire investor warned of a "debt crisis" and a "meaningful slowing of the economy."
- Dalio has previously flagged interest rates, civil unrest, and geopolitical tensions as concerns.
Ray Dalio rang the alarm on the ballooning federal debt, and warned the US economy is set to slump, in a CNBC interview on Thursday.
The billionaire founder of Bridgewater Associates, the world's largest hedge fund, flagged America's record $33 trillion of debt as "risky" during a fireside chat at the Managed Funds Association, CNBC reported.