{"id":1696323,"date":"2022-10-14T06:06:04","date_gmt":"2022-10-14T10:06:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1696323"},"modified":"2022-10-16T14:10:33","modified_gmt":"2022-10-16T18:10:33","slug":"bridgewaters-dalio-warns-of-a-perfect-storm-for-economy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bridgewaters-dalio-warns-of-a-perfect-storm-for-economy\/","title":{"rendered":"Bridgewater\u2019s Dalio Warns of a &#8220;Perfect Storm&#8221; for Economy"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbridgewaters-dalio-warns-of-a-perfect-storm-for-economy%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1696323&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>GREENWICH, Conn.\u2014<a href=\"https:\/\/www.theepochtimes.com\/t-ray-dalio\">Ray Dalio<\/a>, the billionaire investor who built Bridgewater Associates into one of the world\u2019s biggest <a href=\"https:\/\/www.theepochtimes.com\/t-hedge\">hedge<\/a> funds, said a \u201cperfect storm\u201d is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates.<\/p>\n<p>Dalio, who handed over control of the $150 billion firm to a new generation of investors this month, said government stimulus programs during the pandemic have created a <a href=\"https:\/\/www.theepochtimes.com\/t-bubble\">bubble<\/a>.<\/p>\n<p>\u201cThe Fed and the government together gave enormous amounts of debt and credit and created a lurch forward. A giant lurch forward and created a bubble. Now they\u2019re putting on the brakes. So now we\u2019re going to create a giant lurch backward,\u201d Dalio said at the Greenwich Economic Forum.<\/p>\n<p>To fight inflation, Dalio said the Fed will continue raising rates. \u201cAnd there\u2019ll be real pain, of course,\u201d he added.<\/p>\n<p>Interest rates above 4.5 percent could tip the <a href=\"https:\/\/www.theepochtimes.com\/t-economy\">economy<\/a> into a downturn, he said. \u201cI don\u2019t know whether that\u2019s 4.5 percent or the economy could not take an interest rate much higher than that before it\u2019s going to be negative.\u201d<\/p>\n<p>Last week, Bridgewater announced that Dalio had handed over control of the $150 billion hedge <a href=\"https:\/\/www.theepochtimes.com\/t-fund\">fund<\/a> firm to a new generation, although he remains a meaningful owner of it.<\/p>\n<p>The 73-year-old investor will keep his seat on Bridgewater\u2019s operating board of director and will mentor the firm\u2019s chief investment officers.<\/p>\n<p>   <a href=\"https:\/\/www.theepochtimes.com\/author-reuters\"><\/a> <\/p>\n<p>Follow<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GREENWICH, Conn.\u2014Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world\u2019s biggest hedge funds, said a \u201cperfect storm\u201d is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates. Dalio, who handed over control of the $150 billion firm to a new generation of investors this month, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1695410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1696323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1696323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1696323"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1696323\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1695410"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1696323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1696323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1696323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}