Ray Dalio, a leading investor, expressed grave concerns over President Trump's tariffs during a recent interview on NBC's Meet the Press. He highlighted that the implementation of these tariffs appears chaotic, comparing their effects to throwing rocks into global production systems. Dalio pointed out that the U.S. economy is approaching a critical decision-making juncture, teetering on the edge of recession. He emphasized the potential for not just a recession, but even larger economic catastrophes if current mismanagement continues, drawing parallels to historical precedents from the 1930s.
"We are at a decision-making point and very close to a recession. I’m worried about something worse than a recession if this isn’t handled well!"
"It depends where we are at the end of the [recently announced pause of] 90 days because what was put there is like throwing rocks into the production system."
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