Ray Dalio, founder of one of the world’s biggest hedge funds, said on Sunday that President Trump’s trade war brought the US closer to a recession.
He was asked on NBC’s Match the Press if he thought the world’s biggest economy could immerse himself in a recession. Usually understood As a meaningful reduction in output, Trade wars This has disrupted the global market in recent weeks.
The founder of Bridgewater Associates said, “Now we are at the point of decision making and I think we are very close to a recession.”
Tariff plans include dozens of countries’ obligations, but last week many of those planned start dates suddenly changed; 90-day suspension Products from many places outside China.
Dario said this was “very destructive” and the impact of the tariffs was “like throwing rocks into the production system.”
He also expressed concern about the potential impact of US debt, the US budget deficit, and the potential impact of global political tensions.
“We have a major change in the world order. If we receive tariffs, if we are taking debt, we take away the rising power that challenges existing power… how it is handled can produce something much worse than a recession.”
He sparked the market crises of 1971 and 2008, and the current situation could be “more severe than what would have happened at the same time,” he said.
Dario was based in Connecticut. Bridgewater About 50 years ago, there were 175 investors, including pension funds, foundations and central banks.
