Billionaire Investor Warns of ‘Many More Problems’ After SVB Collapse

Billionaire Investor Warns of ‘Many More Problems’ After SVB Collapse
Ray Dalio speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center in San Francisco on Oct. 2, 2019. Kimberly White/Getty Images for TechCrunch
Tom Ozimek
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The recent collapse of Silicon Valley Bank (SVB) has raised concerns among leading analysts and investors, with hedge fund manager Ray Dalio comparing the bank’s collapse to a “canary in the coal mine” in the venture capital sector and beyond.

Dalio wrote on March 14 in an open letter that the collapse of SVB was a classic bubble-bursting event that’s part of a short-term debt cycle that typically lasts about seven years.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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