Billionaire hedge fund leader warns US facing something 'worse than a recession' [View all]

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 NBC’s Meet the Press, where he warned that the “disruptive” nature of Donald Trump’s 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 NBC’s 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 president’s 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