Hedge fund manager tariffs could cause something ‘worse than a recession’
Kenny Polchaari and John Stolttsfus are analyzing Kenny Polchaari and John Stolttsfus to answer great steps.
Millionaires Fence Fund Manager Ray Galio: On Sunday, he warned that he was worried about the economy, which felt a “worse decline” if the trading war causes a wider financial system.
Dalio, the largest fence of the world, Bridgewater Associates, told NBC.Meet the press with Kristen Welker“The tariffs of that President Donald Trump have been” very disturbing “and” look like rocker to throw the production system. “
Welker asked Dalio whether Trump tariffs probably caused decline, and he answered.
Dalio said that before the decline is regulated, which is happening, “it is much deeper, because there is a” money-class “involving the dollar, with the involvement of internal and world order.
The manager of the billionaires fence has called on the US trade deal with China. “Victory”
Billionaire Ray Dalio said to NBC, the economy may face “worse than the fall” if the current caps are not doing well. (Hollie Adams / Bloomberg Getty Images / Getty Images)
“Such times are very similar in the 1930s,” Dalio said.
“I have studied the story and it repeats again. So, if you pay tariffs if you borrow, these factors, systems, many disturb very much. “
Welker followed and asked him where he was traveling to Dalio to lend to the 2008 financial crisis correctly. Dalio noted that the US Federal Government with him is in a critical node Budget deficitWhich was designed to 7% of gross domestic product (GDP) if tax and expenditures are not changed.
Billionaires Fence Fund Manager warns “economic heart attack” for US economy
President Donald Trump announced tariffs on tariffs on US trade partners. (Chip Somodevilla / Getty Images / Getty Images)
“If it can be reduced by about 3% of GDP, and these trade deficits are managed in the right way, all this can be managed very well,” he said. Members of Congress Cut deficit for 3% of GDP.
Dalio has set out the ways of policy makers to stabilize the debt at that level and called on the Congress to address the issue in the 1990s, when the federal government passed excess.
He added that if the United States does not stabilize the deficit, it will most likely lead to interest rates National debt Climb and aggravate the country’s fiscal and economic challenges.
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Tariffs are taxed on goods that pay by the importer, which often conveys consumers to consumers at higher prices. (Qian Weizhong / VCG Via Getty Images / Getty Images)
“If they don’t, we must have a problem with supply / demand at the same time when we have other problems. And the results of that will be worse than normal fall, “Dalio said.
Welker asked Daloy to another further question, which he views as the worst scenario of the economic system.
“Very special, money value, internal conflict, which is not normal democracy, because we know it, and International conflict Somehow that severely hinders the world economy and could even be a military conflict as those failures have happened before, “Dalio said.
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