Billionaire Ray Dalio Just Predicted "Something Worse Than a Recession." 2 Stocks That Can Help You Ride Out the Storm
Billionaire Ray Dalio is one of the most respected investors out there. Bridgewater Associates, the hedge fund he founded, is generally considered to be the largest hedge fund in the world, with assets under management topping out at $168 billion in 2022. The 75-year-old is known for his "all-weather" portfolio, including gold, balancing risks across asset classes to build a portfolio that can perform well in virtually any economic scenario. He pays close attention to the macro environment, and after a career that spans 50 years, it's fair to say that the Bridgewater founder has seen his share of market crashes.So it was notable when Dalio gave a stark warning recently about the economy. On NBC's Meet the Press, Dalio said: "Right now we are at [a] decision-making point and very close to a recession, and I'm worried about something worse than a recession if this isn't handled well."Continue reading
Billionaire Ray Dalio is one of the most respected investors out there. Bridgewater Associates, the hedge fund he founded, is generally considered to be the largest hedge fund in the world, with assets under management topping out at $168 billion in 2022.
The 75-year-old is known for his "all-weather" portfolio, including gold, balancing risks across asset classes to build a portfolio that can perform well in virtually any economic scenario. He pays close attention to the macro environment, and after a career that spans 50 years, it's fair to say that the Bridgewater founder has seen his share of market crashes.
So it was notable when Dalio gave a stark warning recently about the economy. On NBC's Meet the Press, Dalio said: "Right now we are at [a] decision-making point and very close to a recession, and I'm worried about something worse than a recession if this isn't handled well."
