A billionaire investor, commenting on Donald Trump’s duties, expressed the view that there may be something worse than the big crash of 1929. Ray Dali, founder of the Hedge Fund “Bridgewater”, speaking on the show “Meet the Press”. And I’m worried about something worse than a recession, unless the right handling are done. ” According to the Marketwatch.com website, the 75 -year -old Croesus noted that “a recession is two negative quarters of GDP (…) We always have such things. But here we have something much deeper. We have a collapse of the monetary order. We will change the monetary order because we cannot spend such money. ” Dalio made these comments in the wake of a week of fierce turbulence on the world after Donald Trump’s tariff policies, including an increase in duties to 145% for China. The billionaire investor also stressed that there are ‘deep […]
Source: News Beast
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