Ray Dalio, who predicted the financial crisis in 2008, warns: 'Something worse than a recession' comes for the US | Today news

Ray Dalio, founder of Bridgewater Associates, warned that the US was approaching a recession and daring something “much worse” if the current economic and geopolitical pressure is mismanaged. Ray Dalio leaves for a meeting with the Republicans of the Home Budget Committee on Capitol Hill in Washington, DC, USA, on Tuesday, March 25, 2025. Photographer: Daniel Heuer/Bloomberg (Bloomberg) Ray Dalio, founder of Bridgewater Associates, warned on Sunday (April 12) that the US economy is a critical point and not. Carefully handle. “I think we’re at a decision point now and are very close to a recession,” Ray Dalio told NBC News. “And I’m worried about something worse than a recession if not handled well.” Dalio’s remarks came in response to the question of the moderator on whether President Donald Trump’s tariff policy could push the US in recession. Echo’s of the 1930s said Dalio said the current combination of domestic political division, increasing guilt and the shift of global power dynamics reflect a pattern seen by history. “We have profound changes in our domestic order … and we have profound changes in the world order,” Dalio said. “Such times are much like the 1930s.” Dangerous mix: Debt and rising forces Dalio has described the ongoing global re -alignment – especially the challenge of rising powers – as ‘very, very disruptive’, saying that this pressure could deepen the crisis. “How it is handled can produce something that is much worse than a recession,” he warned. According to fiscal responsibility, Dalio has requested lawmakers to reduce the federal budget deficit, suggesting that it is laid down up to 3% of GDP to stabilize the country’s financial status. “If they do not, we will have a problem with an supply-demand for debt at the same time as we have these other problems,” Dalio warned, “and its results will be worse than a normal recession.” The worst case: Beyond Economics asked to expand his fear, and Dalio painted a grim image of a future defined by financial instability, social turmoil and even the threat of military conflict. “I am concerned about the value of money, internal conflict that is not the normal democracy as we know it, an international conflict in a way that is very disruptive to the global economy and even a military conflict,” he said. A beard record of warnings Dalio previously predicted the financial crisis in 2008. Already in 2007, Bridgewater marked “built -in risks in the system” and warned that interest rates would continue to rise “until there is a crack of the financial system.” Months later, the global recession began. First published: 14 Apr 2025, 02:32 am Ist