Ray Dalio Warns Trump Tariffs May Unleash Crisis Beyond Recession As Michael Saylor Eyes More Bitcoin
Michael Saylor is signaling plans to buy more Bitcoin even as billionaire investor Ray Dalio warns that Trump tariffs could unleash something “worse than a recession.” “I think that right now we are at a decision-making point and very close to a recession,” said the Bridgewater Associates founder during an interview with NBC’s Meet the Press yesterday. “And I’m worried about something worse than a recession if this isn’t handled well.” Dalio Says Monetary Order Breaking Down During the interview, Dalio, who predicted the 2008 financial crisis, said that the current global financial sector is undergoing something “much more profound” than a recession, which is just two negative quarters of GDP. Dalio’s prediction is based on his belief that the monetary order is breaking down, comparing the current times to those just before the Great Depression in the 1930s. He subsequently warned that history coul...