Ray Dalio expressed concerns regarding the potential for the US economy to face challenges beyond just a recession due to Donald Trump's trade policies. He stated that we are at a crucial decision-making point, and if monetary order deteriorates, it could lead to something worse than a recession. Drawing parallels to the 1930s, Dalio warned about the disruptive nature of tariffs, debt, and shifting power dynamics. He emphasized managing the budget deficit effectively to avoid more severe economic repercussions.
I think that right now we are at a decision-making point and very close to a recession. And I'm worried about something worse than a recession if this isn't handled well.
We have something that's much more profound. We have a breaking down of the monetary order. We are going to change the monetary order because we cannot spend the amounts of money.
...current times with the 1930s. I've studied history and this repeats over and over again. So if you take tariffs, if you take debt, if you take the rising power challenging existing power, if you take those factors and look at the factors.
If the budget deficit can be reduced to 3% of GDP, it will be about 7% if things are not changed... this could all be managed very well.
Collection
[
|
...
]