Ray Dalio, founder of Bridgewater Associates, raises alarms about potential economic disaster should tariffs not be managed effectively by the Trump administration. On NBC's Meet the Press, he outlined how tariff imbalances could lead to significant disruptions, impacting global efficiency. He identified five critical forces currently affecting the economy: rising debt, political divides, international conflicts, natural disasters, and technological changes. Dalio cautioned that mismanagement of these factors could result in a financial crisis far worse than a recession, recalling lessons from the Great Depression.
If President Trump doesn't manage the tariffs well, I am worried about something worse than a recession, as imbalances in monetary and world orders can lead to disasters.
Dalio emphasized that the handling of tariffs is very disruptive, comparing it to 'throwing rocks into the production system', which could have enormous global efficiency costs.
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