Investor who predicted the 2008 financial crisis says he’s ‘worried about something worse than a recession’
WASHINGTON – Ray Dalio, founder of the hedge fund in Bridge, Associated, said on Sunday that he was “worried about something worse than stagnation” if President Donald Trump does not properly deal with customs tariffs and other economic policies.
“I am at the decision -making point and very close to the recession.” I am concerned about something worse than stagnation if it is not dealt with well, “Dalio said in NBC News.
Dalio was answering a question from the supervisor Christine Wilker about whether the United States was likely to retrieve due to Trump’s identification policies.
Dalio warned that “we have a collapse from the monetary system,” a issue that he talked about with eel Social media.
“We are facing deep changes in our local ranking … and we are making deep changes in the world order. Such times are very similar to the thirties of the twentieth century,” Dalio said. “I studied history, and this is repeated again.”
Dalio pointed to a mixture of definitions, excessive debts and “increased power that challenges the current power” as the changes that are “very disturbing”.
“How to deal with this can produce something much worse than stagnation,” he said.
Specifically, Dalio recently warned of what he said is the unlimited growth of American debt and creditors, such as China, which carries a lot of it, as well as low manufacturing in the United States, which leads to relying on other countries for the necessary elements.
Dalio said on Sunday that the situation “can be managed very well,” and urges Congress members to pledge to reduce the budget deficit with a few percent to 3 % of GDP, a measure of the country’s economic activity.
“If they do not do that, he will face a problem in presenting religion at the same time that we face these other problems, and the results of this will be worse than the natural recession,” he said.
In response to the detail of his concerns about the worst scenario of the worst cases, Dalio said it was concerned about “the value of money, the internal conflict that is not regular democracy as we know, and it is an international conflict in a way that is largely hindering the global economy and could be a military conflict.”
Dalio expected the 2008 financial crisis. Bridgeter Warning in 2007 The “alleged risks in the system are very large” before the financial crisis in the end. After a few months, she said she believed that interest rates would rise “so that there will be a cracking of the financial system,” adding that “no one knows how this financial market infection will play.” After months, the recession started.
Dalio said in a toS.Nangam after on x Last week, before Trump’s temporary discounts in his sweeping definition, although the duties were “very important developments”, people “often overlook the most important powers that lead almost everything, including definitions.”
He wrote: “The biggest and most important thing that must be taken into account is that we are witnessing a classic collapse of the main monetary, political and geographical orders.” “This type of collapse does not happen only once in a lifetime, but they happened several times in history when similar conditions were not sustainable in place.”
