Economics
Dalio Says U.S. Two Years From Downturn
- Next crisis will be more about the dollar than debt, he says
- Advocates for ‘emergency economic powers act’ during crises
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Billionaire hedge fund manager Ray Dalio predicted the U.S. economy is about two years from a downturn, which will see the dollar plunge as the government prints money to fund a swelling deficit.
As the impact of President Donald Trump’s tax cuts starts to fade about 18 months from now, the combination of rising interest rates and mounting costs from pension and healthcare obligations will put pressure on the budget, Dalio, the founder of Bridgewater Associates, said in an interview Wednesday on Bloomberg Television.