https://www.mediaite.com/news/worse-than-a-recession-business-titan-ray-dalio-forecasts-economic-doom-caused-by-very-disruptive-trump-tariffs/
He described Trump’s tariffs as “very disruptive” to the global production system
He stated that the US is “very close to a recession” and expressed concern about “something worse than a recession if this isn’t handled well”
When pressed about what could be worse than a recession, Dalio warned about potential threats to the value of money as a “storehold of wealth”
He compared the current economic situation to historical periods like the 1930s, noting similarities in factors like tariffs, debt, and power struggles between rising and existing powers
Dalio warned of potential “profound changes” in both the domestic and world order that could be highly disruptive
