Billionaire investor Ray Dalio sounds the alarm on US debt and says bonds aren’t a good long-term investment

• Billionaire investor Ray Dalio sounded the alarm on US debt and said bonds aren’t a good long-term investment.
• If investors aren’t receiving a high enough real interest rate, they will sell bonds, he warned.
• “I don’t want to own debt, you know, bonds and those kinds of things. Temporarily right now, cash I think is a good investment.”

A global bond market that’s already overloaded with US debt may see selling pressure that sends rates higher, Bridgewater Associates founder Ray Dalio said.

Speaking at the 10th Milken Institute Asia Summit in Singapore on Thursday, the billionaire investor noted that the US Treasury must sell huge amounts of bonds as federal deficits balloon, adding that the situation is also a world problem.