Ray Dalio Warns of a Crisis Worse Than Recession—“The Monetary Order Is Collapsing”

A Crisis Worse Than Recession: Ray Dalio Says a Once-in-a-Lifetime Breakdown Is Coming

American billionaire Ray Dalio‘s statement on NBC’s Meet the Press that he was concerned about something worse than the U.S. recession sent shockwaves across the financial industry. Dalio, regarded as one of the best hedge fund managers in history, says the monetary order is disintegrating. Additionally, he stated that significant changes are occurring in the global order.

The well-known entrepreneur and investor has likened the current state of affairs to the 1930s. Earlier, he claimed that the ongoing tariff conflicts are really a diversion and that such a classic breakdown usually happens once in a lifetime.

…what is happening now is just a contemporary version of what has happened innumerable times throughout history,

Dalio

Novogratz Echoes Dalio: Every Macro Expert Is “Very, Very Concerned”

He has regularly raised concerns about China’s and the United States’ unmanageable debt levels. Dalio, who foresaw the 2008 financial catastrophe, cautioned that the United States is about to enter a recession in his most recent interview. Cryptocurrency tycoon Mike Novogratz said that other macro thinkers seem to agree with Dalio’s assertion.

I don’t know one real macro thinker who isn’t very, very concerned. Not one,

Novogratz

For more up-to-date crypto news, you can follow Crypto Data Space.