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Dennis Donovan

(31,059 posts)
Mon Apr 14, 2025, 04:45 AM Apr 2025

Huff Post: 'Worse Than A Recession': Investor Who Predicted 2008 Collapse Has Stark New Warning

Huff Post - 'Worse Than A Recession': Investor Who Predicted 2008 Collapse Has Stark New Warning

Hedge-fund billionaire Ray Dalio said he's "worried" about current conditions.

Ed Mazza
Apr 14, 2025, 05:04 AM EDT

Hedge-fund billionaire Ray Dalio, who predicted the 2008 financial crisis, is warning that President Donald Trump’s extensive tariffs combined with other factors could drive the economy to the brink.

“I think that right now we are at a decision-making point and very close to a recession,” he said on “Meet The Press” on Sunday. “And I’m worried about something worse than a recession if this isn’t handled well.”

He said the problems today are potentially “much more profound” than what’s seen in a typical recession, which is two negative quarters of GDP growth.

“We have a breaking down of the monetary order,” he said, along with “profound changes” in both domestic and world order.

“Such times are very much like the 1930s,” he said, referring to the period that covered most of the Great Depression. “I’ve studied history and this repeats over and over again.”

/snip
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Huff Post: 'Worse Than A Recession': Investor Who Predicted 2008 Collapse Has Stark New Warning (Original Post) Dennis Donovan Apr 2025 OP
Great Again Yet? czarjak Apr 2025 #1
Maybe all along his campaign slogan has really been MAGDA or Make A Great Depression Again. xocetaceans Apr 2025 #11
Mighty Putin pleasing too. czarjak Apr 2025 #15
History repeating itself. NCDem47 Apr 2025 #2
Here's the real issue MarcoZandrini Apr 2025 #3
I'm guessing this is the actual reason that Trump called for a 90 day Mike 03 Apr 2025 #13
I predict any Govt. numbers on the economy will be faked to make growth appear out of thin air wolfie001 Apr 2025 #4
Agree...but I predict most of America won't fall for it. NCDem47 Apr 2025 #5
Me hopes too!!! wolfie001 Apr 2025 #10
Trump's Great Economic Disaster continues. Emile Apr 2025 #6
we are already in a recession... Javaman Apr 2025 #7
Corporations and foreign countries are looking elsewhere to invest IronLionZion Apr 2025 #8
Trump and GW Bush bmichaelh Apr 2025 #9
Gut feelings? Again? czarjak Apr 2025 #16
Dalio has always blue-wave Apr 2025 #12
I've been expecting a new Great Depression Kablooie Apr 2025 #14

xocetaceans

(4,346 posts)
11. Maybe all along his campaign slogan has really been MAGDA or Make A Great Depression Again.
Mon Apr 14, 2025, 02:44 PM
Apr 2025

If so, he is working on that now.

NCDem47

(3,326 posts)
2. History repeating itself.
Mon Apr 14, 2025, 06:35 AM
Apr 2025

Nearly exactly 100 years later. When all those who remembered have died off.

The 1930s and 1940s were dark times.

MarcoZandrini

(152 posts)
3. Here's the real issue
Mon Apr 14, 2025, 07:26 AM
Apr 2025

Our debt. It’s serviced by investors who buy our bonds. Investors and countries buy our bonds bc they are deemed the most secure investments in the world. Last week the rate on the 10 year bond went up by 0.20 percent in a matter of hours. Now, that small increment doesn’t seem meaningful, but when you’re investing hundreds of millions of dollars that increase means a lot. If it continues the cost of servicing our dept will exceed $1T a year.

wolfie001

(7,115 posts)
4. I predict any Govt. numbers on the economy will be faked to make growth appear out of thin air
Mon Apr 14, 2025, 07:28 AM
Apr 2025

In the wargame, 'Hearts of Iron 4', when you play as the Soviets during WW2, you can boost your nation's development speed by handing Stalin "fake economic reports". This is just a game mind you. tRUMP is pushing this BS on the American people like we're the "suckers and losers". I've been hunkering down since the bloated one re-entered the WH and plan on doing the same until he's dead and gone. Praying it's soon

NCDem47

(3,326 posts)
5. Agree...but I predict most of America won't fall for it.
Mon Apr 14, 2025, 07:53 AM
Apr 2025

Perecption will NOT match reality. "Don't tell me things are great! I'm working as hard and as smartly as I can, but financially can't keep up!"

wolfie001

(7,115 posts)
10. Me hopes too!!!
Mon Apr 14, 2025, 10:07 AM
Apr 2025

The wishy-washy slugs need to wake up. And pick off a lot of those trailer park, toothless tRUMPers who have benefited zero from him.

Javaman

(65,133 posts)
7. we are already in a recession...
Mon Apr 14, 2025, 07:59 AM
Apr 2025

the media just hasn't caught up. as per usual.

they would rather parse words and skirt around the issue then come right out an say it. because no one (all cowards) wants to come right out and say it.

so if we the middle class (what's left of it) is a recession, the poor are in a depression.

and the way things are going, it won't be long until we are all in a depression.

IronLionZion

(50,837 posts)
8. Corporations and foreign countries are looking elsewhere to invest
Mon Apr 14, 2025, 09:03 AM
Apr 2025

while pulling back on US investments. They don't want to deal with the uncertainty and daily policy changes. Volatility is bad for business planning.

bmichaelh

(1,088 posts)
9. Trump and GW Bush
Mon Apr 14, 2025, 09:28 AM
Apr 2025

Trump saying ‘I know what I’m doing’"

sounds similar to GW Bush's

"I know how the world works"

Both were so incompetent; one lead us into the recession; other will probably do so after Biden handed him a good economy.

As before, it will take a Democratic President and Congress to get us out of this mess.

czarjak

(13,446 posts)
16. Gut feelings? Again?
Tue Apr 15, 2025, 12:09 AM
Apr 2025

Guess we'll have to stay the course again too? Great! Thanks W, you really shouldn't have.

blue-wave

(4,825 posts)
12. Dalio has always
Mon Apr 14, 2025, 04:58 PM
Apr 2025

appeared to me at least, as a billionaire who is not so greedy that he will throw out all common sense, reason and his patriotism. I watched this interview. Every time he was pressed, he stopped short of saying "economic depression," but seemed to be biting his tongue, wanting to say it.

We're in trouble here. I hope and pray that I and Mr. Dalio are wrong.

Kablooie

(19,043 posts)
14. I've been expecting a new Great Depression
Mon Apr 14, 2025, 06:41 PM
Apr 2025

The difference from the 1930s is that if anyone blames Trump they will be dragged to a prison in another country. After a while we won’t hear about the prison. They will just disappear like in other banana republics.
Unless someone comes up with a way to fight this, this is our future.

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