Billionaire Issues Dire Warning: Trump’s Tariffs Could Trigger a Financial Disaster
Billionaire hedge fund manager Ray Dalio has raised serious concerns about the U.S. economy, warning that Donald Trump’s aggressive trade policies could lead to economic trouble far worse than a typical recession.
Speaking on NBC’s Meet the Press this Sunday, Dalio, the 75-year-old founder of Bridgewater Associates, said the U.S. is "very close to a recession" but emphasized that the risks go beyond that.
“I think we’re at a major decision point,” Dalio said. “A recession usually means two quarters of negative GDP growth—we’ve seen those before. But what we’re facing now could be much more serious.
We’re seeing signs of a breakdown in the global monetary system. We’re spending more than we can sustain. That’s a warning sign.”
Dalio’s comments come amid market turmoil caused by...