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ECONOMY

Billionaire hedge fund leader warns US facing something ‘worse than a recession’

Billionaire investor Ray Dalio warns of a potential economic crisis worse than a recession, citing disruptive tariffs and rising US debt. Dalio, who accurately predicted the 2008 housing market collapse, points to the instability caused by President Trump's trade policies and the uncertainty surrounding their future. He urges Congress to address the growing national debt, warning it's a "ticking time bomb." Market volatility and uncertainty around tariffs are fueling concerns across various sectors, including technology and automotive.

Prepared by Christopher Adams and reviewed by editorial team.

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