Bridgewater’s Dalio Warns of a ‘Perfect Storm’ for Economy

[Epoch-Times-Bot]

Bridgewater's Dalio Warns of a 'Perfect Storm' for Economy

GREENWICH, Conn.—Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, said a “perfect storm” is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates.
Dalio, who handed over control of the $150 billion firm to a new generation of investors this month, said government stimulus programs during the pandemic have created a bubble.
“The Fed and the government together gave enormous amounts of debt and credit and created a lurch forward. A giant lurch forward and created a bubble. Now they’re putting on the brakes. So now we’re going to create a giant lurch backward,” Dalio said at the Greenwich Economic Forum....

Source: Bridgewater's Dalio Warns of a 'Perfect Storm' for Economy

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