Billionaire investor Ray Dalio warned on NBC’s Meet The Press Sunday that the U.S. is nearing a recession and could face an even deeper crisis if economic mismanagement continues. The Bridgewater Associates founder cited excessive debt, trade barriers, and weakening domestic manufacturing as destabilizing forces, drawing comparisons to the 1930s.He said mishandling the current economic environment could lead to global disruption, military conflict, or internal democratic breakdown. Dalio’s concerns carry weight due to his accurate prediction of the 2008 financial collapse.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Billionaire investor Ray Dalio warned on NBC's Meet the Press Sunday that the U.S. is nearing a
00:06recession and could face an even deeper crisis if economic mismanagement continues.
00:11The Bridgewater Associates founder cited excessive debt, trade barriers, and weakening domestic
00:16manufacturing as destabilizing forces, drawing comparisons to the 1930s. He said mishandling
00:22the current economic environment could lead to global disruption, military conflict,
00:27or internal democratic breakdown. Dalio's concerns carry weight due to his accurate prediction
00:32of the 2008 financial collapse. For all things money, visit Benzinga.com slash GSTV.