In a recent NBC interview, billionaire investor Ray Dalio expressed serious concerns about the U.S. economy, suggesting we may be on the brink of a significant recession due to President Trump's tariffs and international standoffs. Dalio emphasized that if current issues are not resolved properly, the consequences could exceed those of a recession. His views sparked criticism from CNBC's Jim Cramer, who accused Dalio of consistently being pessimistic regarding the stock market, arguing that such outlooks hinder investors and keep them from prospering, framing Dalio's stance as excessively negative.
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 weekend's reading is filled with commentary of which the major chord is, once again, this man Ray Dalio saying that things are about to get horrendous.
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