Investor who predicted the 2008 financial crisis says he's 'worried about something worse than a recession'
Ray Dalio, the founder of the hedge fund Bridgewater Associates, said he is "worried about something worse than a recession" if President Donald Trump does not properly handle tariffs and other economic policies.
WASHINGTON — Ray Dalio, the founder of the hedge fund Bridgewater Associates, said Sunday he is "worried about something worse than a recession" if President Donald Trump does not properly handle tariffs and other economic policies.
"I think that 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."
Dalio was responding to a question from moderator Kristen Welker about whether the United States would be likely to dip into a recession because of Trump's tariff policies.
Dalio warned that "we have a breaking down of the monetary order," an issue he has spoken about at length on social media.
"We are having profound changes in our domestic order ... and we're having profound changes in the world order. Such times are very much like the 1930s," Dalio said. "I've studied history, and this repeats over and over again."
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