NEW: RAY DALIO SAYS “I’M WORRIED ABOUT SOMETHING WORSE THAN A RECESSION… WE HAVE SOMETHING THAT IS MUCH MORE PROFOUND, WE HAVE A BREAKING DOWN OF THE MONETARY ORDER”
— DEGEN NEWS (@DegenerateNews) April 13, 2025
Bridgewater founder Ray Dalio said on Sunday that he is worried that the turmoil resulting from President Donald Trump’s tariff and economic policies will threaten the global economy.
“Right now we are at a decision-making point and very close to a recession,” Dalio said on NBC News’ “Meet the Press.” “And I’m worried about something worse than a recession if this isn’t handled well.”
The hedge fund billionaire said he’s more concerned about trade disruptions, mounting U.S. debt and emerging world powers bringing down the international economic and geopolitical structure that has been in place since the end of World War II.
“We are going from multilateralism, which is largely an American world order type of thing, to a unilateral world order in which there’s great conflict,” he said.