Ray Dalio, founder of Bridgewater Associates, expresses grave concerns about the impact of Trump tariffs on the global economy, predicting potential catastrophic outcomes. He believes the current economic climate is precarious, hinting at imminent recession. Dalio emphasizes China's ownership of U.S. debt as a threat that could destabilize America's financial standing. He states that the world may face a significant breakdown in monetary, political, and geopolitical systems, marking this period as unique and resembling dire historical moments of crisis. His warnings suggest a challenging economic future if not properly addressed.
"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."
"The far bigger, far more important thing to keep in mind is that we are seeing a classic breakdown of the major monetary, political, and geopolitical orders. This sort of breakdown occurs only about once in a lifetime, but they have happened many times in history when similar unsustainable conditions were in place."
Collection
[
|
...
]