🚨 Breaking news! 🚨 Billionaire Ray Dalio, the founder of Bridgewater Associates, has issued a dire warning about the possibility of a 1970s-style stagflation. In a recent interview with David Rubenstein, Dalio discussed the US dollar‘s decline against major currencies and how it could be a harbinger of an incoming period of high inflation, high unemployment, and low economic growth.
💸💸 Dalio predicts that while the dollar may underperform other currencies, those currencies won’t be doing much better when compared to hard assets like gold. He says, “I think the picture would be some version very similar to the 70s… And the 70s was a period in which there was stagflation. The thing we have to worry about is a stagflationary environment, because all the currencies went down.”
💰💰 The hedge fund legend has also warned that the US government needs to cut spending and raise taxes to address a looming fiscal crisis. He believes that unless the budget deficit is reduced from roughly 7% of GDP to about 3%, “big, painful disruptions will likely occur.”
🎥 Watch the full interview here:
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2025-07-13 12:21