Billionaire hedge fund leader warns US facing something 'worse than a recession'
Source: The Independent
Sunday 13 April 2025 18:33 BST
The U.S. is perilously close to entering a formal economic recession and could well be facing something much worse on the horizon, a billionaire investing expert warned Sunday. Ray Dalio, founder of Bridgewater Associates, appeared on NBCs Meet the Press, where he warned that the disruptive nature of Donald Trumps tariff announcements were causing market instability and was making it difficult for both U.S. business and global trading partners to rely on the America.
A Wall Street veteran who predicted the collapse of the housing bubble in 2008 which caused a financial crisis that year, Dalio told NBCs Kristen Welker that the chance of stopping something that is much worse than a recession came down to how strategically the White House handled what the presidents advisers have explained is his end goal: a grand reorganization of the global trade structure.
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, said Dalio.
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 - those changes in the orders, the systems, are very, very disruptive, he continued. How that's handled could produce something that is much worse than a recession. Or it could be handled well.
Read more: https://www.independent.co.uk/news/world/americas/us-politics/trump-tariffs-recession-risk-ray-dalio-b2732517.html

Fiendish Thingy
(19,044 posts)BumRushDaShow
(150,613 posts)There you are! I haven't seen you in a LONG time!
Fiendish Thingy
(19,044 posts)Ive been taking care of other stuff.
Bernardo de La Paz
(54,585 posts)In 2025, 2026, not only is the prez profoundly stupid, demented, narcissistic, and corrupted, but his (slim) majorities are spineless.
So I expect half-hearted attempts too little too late.
RepubliCONs own this and the general populace will know. Even the 15% hardcore cult will know even though they will never admit it.
Amaryllis
(10,240 posts)Sessuch
(170 posts)Ray Dalio is afraid of losing money, but shows no way to protect himself. He will protect himself but not tell you how.
SWBTATTReg
(25,127 posts)at the helm to address serious economic tailwinds should they happen. By the time the moron is convinced of having to do something to resolve the issues, it'll be too late. Just like last time w/ COVID.
This time around, we have Measles hitting but I don't really see a tremendous backlash of Measles, a lot of us in our youth received the shots for Measles. But it'll still make a splash (Measles).
Trade is down (or will be worse than it ever has been (and this has hit literally every Country in the world, so who's going to be left to still trade w/ us?). US tourism is down big time. So, lots of areas in the Country are now impacted by the lack of tourism dollars, which translates into job losses of entire industries who supported the tourism trade in all manners, shapes and forms (restaurants, hotels, tourist hotspots, airlines and other transportation modes, etc.). I suspect that even the great American summer tradition of families traveling for the summer, will find that national parks are probably still closed (and no one is working there anymore), and lots of the usual tourist spots will be closed as fewer and fewer attractions are still open.
And who can't deny that immigrants have fulfilled a key job niche, in mowing our yards/landscaping, cleaning homes, working at restaurants etc.? Key industries here will find that they are having severe problems in fulfilling empty job slots.
The US Dollar is under stress, and will be soon priced lower, making our imports (gas, etc.) more expensive (and other imports too). Domestic spending by the Fed will be lower too, w/ the chainsaw effect by tRUMP and thugs across the entire federal budget, which will cross into state budgets too, thus governments, formerly a bastion of spending, will be cutting back on spending too.
tRUMP is a walking disaster area, and will remain so until someone at the top, multiple people say and do something before it's too late.
Iggo
(48,780 posts)Same goes for all his appointees.
And thats no accident.
MLWR
(268 posts)that trump would cause a depression on this site and several others. But I'm not a billionaire, so....
flashman13
(1,135 posts)the chances that things will be handled well are zero.
So buckle up. The ride is going to be very rough and all of us, the billionaires included, are going to take a whipping.
BarbD
(1,312 posts)Once I miss my monthly check, my rent, car insurance, won't be paid, not to mention meds, food etc. I'm 87 with no options. And, I'm not alone. This is a nightmare of a disaster.
cstanleytech
(27,527 posts)Shifting half of our DOD money over to infrastructure spending though would definitely boost it a lot more since good infrastructure is what actually helped build up our country as it kept transportation costs down and employeed many people who then had money to spend. Spending that then created even more jobs.
Attilatheblond
(5,626 posts)Multi-billion dollar medical corporations will lose primary income sources. People in all facets of medical care, from surgeons down to the stalwarts who keep facilities clean & functioning will lose jobs.
What the hell are these idiots thinking, other than trying to trigger a civil uprising that they can use as an excuse to mow people down in the streets?
Exp
(245 posts)brain would've taken us on this self-destructive economic path.
WSHazel
(302 posts)Dalio is asking Trump not to make it worse.
BurnDoubt
(234 posts)wiggs
(8,190 posts)...'a grand reorganization of the global trade structure' as his end goal is probably incorrect. That may happen but his daily goal, the only thing he focuses on, is to have companies and countries come to him and ask to negotiate. And the negotiation isn't for your benefit or mine...it's for him and his buddies to get contracts for starlink, resort and land development, contributions to TSF supporters, dirt on the opposition, etc.
For TSF, every action is transactional and zero sum. He only cares about winning each time and the more the person on the other side loses or suffers, the better.
Zorro
(17,184 posts)That's how Trump will make everybody millionaires.
wolfie001
(4,560 posts)So now they're warning us? Was an ass. A little too late for that. Train left the station.
WSHazel
(302 posts)The hedge fund and overall Wall Street community was very much mixed on Trump, probably leaning towards Harris overall. They like low taxes and light regulation (to a point), they dont like autocracy. They also know Wall Street generally does better under Democrats.
wolfie001
(4,560 posts)And the environment. You can never spin that one nor convince me otherwise. These funds and their profits should have a high tax on them. REIT fund profits too. Higher tax rates because of all the negatives they produce and only benefiting a few wealthy people.
tRUMP supporters on steroids!!!!
LS_Editor
(912 posts)And it will be grossly mismanaged.