Getty Images / Roy Rochlin The $305 billion debt crisis facing Evergrande is a "manageable" situation, Ray Dalio said. In Tuesday's interview, he said its crisis wasn't the same as the 2008 collapse of Lehman Brothers. The Chinese property developer is likely to miss an interest payment on its debt this week. See more stories on Insider's business page. The $300 billion of debt that's pushing the Chinese property developer Evergrande toward a collapse is not equivalent to the 2008 breakdown of the US investment bank Lehman Brothers, and the situation is "manageable," the hedge-fund heavyweight Ray Dalio said Tuesday on CNBC.The "Lehman moment produced pervasive structural damage through the system that wasn't rectified until the Treasury came across in terms of its borrowing and then the Fed came across with quantitative easing, but this is not that kind of a shake-up type of thing," Dalio said in an interview during his attendance as a speaker at the Greenwich Economic Forum in Connecticut.
Evergrande's Debt Crisis Is 'manageable' And Not A Lehman-level Event, Hedge-fund Billionaire Ray Dalio Says
insider@insider.com (Carla Mozée), Business Insider
Tue, 09/21/2021 - 12:02pm
Topics: getty images roy rochlin in tuesday the chinese cnbc the lehman fed greenwich economic forum connecticut bridgewater associates business insider evergrande ray dalio lehman brothers chinese the insider dalio manageable hedge-fund debt crisis billion markets situation system developer global interest collapse property payment china interview financial stung company
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