{"id":19008,"date":"2025-04-14T10:55:08","date_gmt":"2025-04-14T10:55:08","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/19008\/"},"modified":"2025-04-14T10:55:08","modified_gmt":"2025-04-14T10:55:08","slug":"investor-who-predicted-2008-collapse-warns-of-something-worse","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/19008\/","title":{"rendered":"Investor Who Predicted 2008 Collapse Warns Of &#8216;Something Worse&#8217;"},"content":{"rendered":"<p>Hedge-fund billionaire Ray Dalio, who predicted the 2008 financial crisis, is warning that President <a href=\"https:\/\/www.huffpost.com\/news\/topic\/donald-trump\" target=\"_blank\" role=\"link\" class=\" js-entry-link cet-internal-link\" data-vars-item-name=\"Donald Trump\" data-vars-item-type=\"text\" data-vars-unit-name=\"67fcba18e4b0afe00ba91c5c\" data-vars-unit-type=\"buzz_body\" data-vars-target-content-id=\"\/news\/topic\/donald-trump\" data-vars-target-content-type=\"feed\" data-vars-type=\"web_internal_link\" data-vars-subunit-name=\"article_body\" data-vars-subunit-type=\"component\" data-vars-position-in-subunit=\"0\" rel=\"noopener\">Donald Trump<\/a>\u2019s extensive tariffs combined with other factors could drive the economy to the brink.<\/p>\n<p>\u201cI think that right now we are at a decision-making point and very close to a recession,\u201d he said on \u201cMeet The Press\u201d on Sunday. \u201cAnd I\u2019m worried about something worse than a recession if this isn\u2019t handled well.\u201d <\/p>\n<p>He said the problems today are potentially \u201cmuch more profound\u201d than what\u2019s seen in a typical recession, which is two negative quarters of GDP growth. <\/p>\n<p>\u201cWe have a breaking down of the monetary order,\u201d he said, along with \u201cprofound changes\u201d in both domestic and world order. <\/p>\n<p>\u201cSuch times are very much like the 1930s,\u201d he said, referring to the period that covered most of the Great Depression. \u201cI\u2019ve studied history and this repeats over and over again.\u201d <\/p>\n<p>Dalio also warned of the potential for a \u201csupply-demand problem for debt\u201d at the same time as tariff-related economic issues. <\/p>\n<p>\u201cAnd the results of that will be worse than a normal recession,\u201d he said. <\/p>\n<p>Pressed if that means a depression, Dalio didn\u2019t use the word \u2015 but did say that what happens next could be \u201cvery severe.\u201d <\/p>\n<p>Dalio \u2015 founder of Bridgewater Associates, which is the world\u2019s largest hedge fund \u2015 said there\u2019s still a chance to avoid it all. <\/p>\n<p>\u201cThis could all be managed very well,\u201d especially if Congress takes action to reduce the budget deficit, he said. <\/p>\n<p>See his full \u201cMeet The Press\u201d discussion below: <\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Hedge-fund billionaire Ray Dalio, who predicted the 2008 financial crisis, is warning that President Donald Trump\u2019s extensive tariffs&hellip;\n","protected":false},"author":2,"featured_media":19009,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,32,1700,12548,12549,16,15],"class_list":{"0":"post-19008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economy","11":"tag-great-depression","12":"tag-ray-dalio","13":"tag-uk","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114335955292235445","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/19008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=19008"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/19008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/19009"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=19008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=19008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=19008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}