'Something worse than recession' worries predictor of 2008 financial crisis
a year ago
- #tariffs
- #recession
- #economy
- Ray Dalio warns of something worse than a recession if Trump's tariff policies aren't handled well.
- He compares current economic conditions to the 1930s, citing a breakdown in monetary and world orders.
- Dalio highlights concerns over U.S. debt growth, reliance on foreign manufacturing, and potential conflicts.
- He urges Congress to reduce the budget deficit to avoid a supply-demand problem for debt.
- Dalio foresees risks including devaluation of money, internal and international conflicts, and possible military conflicts.
- He previously anticipated the 2008 financial crisis and warns of similar systemic risks now.
- Dalio emphasizes that current conditions reflect a breakdown in monetary, political, and geopolitical orders.