Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on China
Billionaire investor Ray Dalio said that he is worried the US will experience “something worse than a recession” as a result of Donald Trump’s trade policies.
Speaking to NBC’s Meet the Press on Sunday, the 75-year-old hedge fund manager said: “I think that right now we are at a decision-making point and very close to a recession. And I’m worried about something worse than a recession if this isn’t handled well.”
He went on to add: “A recession is two negative quarters of GDP and whether it goes slightly there. We always have those things. We have something that’s much more profound. We have a breaking down of the monetary order. We are going to change the monetary order because we cannot spend the amounts of money.”
conditional_soup@lemm.ee 1 week ago
Oh no, did somebody gamble with everyone’s safety and security that making a nuclear state go mask-off fascist would deepen their negative tax rate?
UnderpantsWeevil@lemmy.world 1 week ago
The Network State: How to Startup a Country
It’s so much more ambitious than that. They explicitly want Balkanization and formalized oligarchy along the Singapore/S. Korea/Hong Kong/Philippines model.
conditional_soup@lemm.ee 1 week ago
They want balkanization? I want Balkanization because I think it would break the federal government’s kneecaps (making it harder for corporates and fascists to leverage) and finally let Texas and Florida stop dragging everyone else down. I’m now automatically more suspicious of my own position.