Billionaire Ray Dalio — the founder of Bridgewater Associates, the world's largest hedge fund — told Bloomberg he sees a 25% chance of recession in 2019 and through 2020. He cited the effectiveness of central bank policies, the wealth gap, the 2020 US elections, and the economic emergence of China as key factors in deciding the intensity of the next economic downturn. The Bridgewater founder also warned the Fed should slowly cut rates by small increments.
Billionaire Ray Dalio — the founder of Bridgewater Associates, the world's largest hedge fund — told Bloomberg he sees a 25% chance of recession in 2019 and through 2020. He cited the effectiveness of central bank policies, the wealth gap, the 2020 US elections, and the economic emergence of China as key factors in deciding the intensity of the next economic downturn. The Bridgewater founder also warned the Fed should slowly cut rates by small increments.
I see a 100 percent chance by the end of 2020.
DBChirpy it’s not if it’s when. Oct earnings will be notable
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