Why billionaire Ray Dalio thinks another economic disaster is coming — and how he recommends preparing for it
First, Ray Dalio foresaw the 2008 financial crisis. Then, he predicted years of long-term financial strain on the U.S. economy from the Covid pandemic.
Now, the 72-year-old billionaire investor who built Bridgewater Associates into the world’s largest hedge fund is warning of a new economic catastrophe on the horizon — and he wants you to be prepared.
“I think we’re at risk of a war with China,” Dalio told CNBC Make Itduring a live-streamed Q&A on Friday. “Largely due to misunderstandings.”
Dalio noted that his predictions aren’t facts: He’s been wrong before, too. But, he said, future catastrophes are inevitable, according to historical patterns over the last 500 years.
In other words, if an upcoming U.S.-China conflict doesn’t tank the economy, something else will. Here’s why he thinks disaster is on the horizon, and his top two tips on financially preparing for it:
