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Why billionaire Ray Dalio thinks another economic disaster is coming — and how he recommends preparing for it
First, Ray Dalio foresaw the 2008 financial crisis. Then, he predicted years of long-term financial strain on the U.S. economy from the Covid pandemic. Now, the 72-year-old billionaire investor who built Bridgewater Associates into the world’s largest hedge fund is warning of a new economic catastrophe on the horizon — and he wants you to be prepared. “I think we’re at risk of a war with China,” Dalio told CNBC Make It during a live-streamed Q&A on Friday. “Largely due to misunderstandings.” Dalio noted that his predictions aren’t facts: He’s been wrong before, too. But, he said, future ... (full story)
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- Posted: Dec 8, 2021 6:58am
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