Bridgewater Founder Says 85 Percent Of Pensions will Go Bankrupt

Bridgewater Associates founder Ray Dalio is known as one of the most successful quantitative hedge fund managers in history.

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$3 trillion in assets against $10 trillion in liabilities

Dalio’s mathematical skills are on display as he shocks observers saying US pension funds don’t have the wherewithal to pay out benefits in coming years.  What was stunning was not Dalio believing the pension math was turning negative, as Detroit and Chicago examples are in front of our eyes.  What was stunning is that he said it in such plain talk and so bluntly in public.