Claiman countdown panelists Kenny Polkari and John Stoltzfeus analyze how the market will respond to big moves.
Billionaire hedge fund manager Ray dalio In an interview on Sunday, he warned that he is concerned about the economy that if the business war increases the breakdown of the broader financial system, it is experiencing “worse than the recession”.
The world’s largest hedge funds, Bridgewater Associates co-intended investment officer, said in an appearance on NBC’s “”, “Meet the press with Christon Velkar“President Donald Trump’s tariff” is very disruptive “and” like throwing rocks in the production system. ,
Velkar asked the Dalis whether Trump’s tariff was likely to be a recession, and he replied, “I think we are at a point of decision -making and are very close to the recession. And I am worried about something worse than the recession if it is not well handled.”
Dalo said that while the recession occurs regularly, whatever happens is “too deep” because the breakdown of domestic and world system is “breakdown of monetary order”.
Billionaire Hedge Fund Manager called for American trade deal with China: ‘Win-Win’
Billionaire Ray Dalo told NBC that the economy could face “worse than recession” if the current headwind is not well handled. (Holi Adams / Bloomberg Getty Image / Getty Image)
“Such times are like the 1930s,” said the downs.
“I have studied history, and it repeats repeatedly. So if you take a tariff, if you take a loan, if you challenge the increasing power to the existing power, if you take those factors, they are changes, systems, very, very disruptive.”
Velkar chased and asked him to predict where the country is going to properly predict the 2008 financial crisis. The Dalis said that the American federal government is at a critical point with it budget deficitIf tax and spending policies are not improved, it is estimated to grow from 7% of GDP (GDP).
Billionaire hedge fund manager warns of ‘economic heart attack’ for the US economy
President Donald Trump announced a comprehensive tariff on American business partners. (Chip Somodeville / Getty Image / Getty Image)
“If it can be reduced by about 3% of GDP, and these trade deficit and so on are managed in the right way, all this can be managed very well,” Delio explained, saying that he is encouraging. Congress members To cut losses up to 3% of GDP.
Dalio has designed the way for policy makers to stabilize the loan at that level and called the Congress to take the issue in a bipartite manner like the 1990s, when the federal government last run a surplus.
He said that if the US does not stabilize the deficit, it will probably be the cause of interest rates. National debt To increase and increase the country’s fiscal and economic challenges.
The CBO says that to widen the US budget deficit, the national loan to increase by 156% of GDP
Tariffs are taxes on imported goods that are paid by importer, which often passes consumers through high prices to those high costs. (QIAN Weizhong / VCG Getty Image / Getty Image)
“If they do not, we are going to have a supply/demand problem for the loan at the same time because we have these other problems. And its results will be worse than a normal recession,” said delio.
Velkar asked the Dalis in another follow -up question what he sees as the worst situation for the economic system.
“To be very specific, the value of money, internal conflict which is not a general democracy as we know, and International conflict In a way, which is highly disruptive to the world economy and can even be a military conflict, as these breakdowns have already happened, “the dalays said.
