Ah, Ray Dalio—the sage of Wall Street, the man who’s seen it all, now sounds the alarm. And guess what? It’s not about a juicy stock pick, but a ticking economic time bomb—the tariffs unleashed by none other than President Trump. Apparently, this great investor fears the tariff policies could bring the global economy to its knees. I mean, who would’ve thought tariffs would do that, right? 🤔
In a recent CNBC interview, the founder of Bridgewater Associates casually dropped a bombshell, saying he’s “very concerned” about the looming macroeconomic catastrophe that might just hit, and hit hard. Well, of course! When the country’s already juggling a mountain of issues, why not throw in some tariffs for good measure? 🤷♂️
“I agree with the problem,” Dalio said, looking like someone who just found out the stock market isn’t exactly a fair game. “But I’m very concerned about the solution, the practicality of the solution. In other words, I think that this is going to create not only the problem, the capital markets problem that I’m talking about related to prices going up, costs going up, revenue going down and capital problem, but I also think that this is going to create great sand in the gears of production worldwide.”
Oh, so the gears of production are going to grind to a halt? Well, thanks for the warning, Ray! But don’t worry, it’s not just about tariffs. No, no. Dalio’s crystal ball is looking further ahead, at the bigger picture. He’s talking about productivity, competitiveness, and—wait for it—political consequences! 🌍💼
“At the same time, I do agree that this interdependency, this issue of productivity in the world in which we have to be competitive and productive, and we’re not competitive in producing things is a longer-term problem, not an easy one. And I do expect that it is going to have political consequences. This is the nature of the cycle.”
And the fun doesn’t stop there. Apparently, Dalio thinks America needs a reality check. He suggests the country address some deep-rooted issues, like tackling the national debt and cutting back on government spending. Shocking, right? A billionaire suggesting the government tighten its belt—what a revelation! 😏
“It is coming also at the same time as we have a budget issue. Now, the budget issue is a comparably important issue. So as we look ahead in the months ahead, we have to get the budget deficit down to 3% of gross domestic product. I worry about that at the same time as this is happening. These are not easy problems to solve. I’m concerned because the bigger problems exist, the debt exists. You can’t get around the debt. The overspending exists. You still have that. You still have that competitiveness issue. These have repeated throughout history. We’re in a period that’s very much like the 1930s.”
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2025-04-10 10:22