Business Insider: Ray Dalio Warns the US Faces a 'Perfect Storm' of Problems - and Predicts More Pain for Markets and the Economy
Article by Theron Mohamed in Business Insider
Ray Dalio has warned the US faces a rare combination of challenges, and has predicted the Federal Reserve's inflation battle will cause further pain for markets and the economy.
The billionaire investor flagged the vast amounts of debt and cash in the US economy, raging political conflicts between Democrats and Republicans, and Russia's ongoing invasion of Ukraine as key concerns.
"Those three things are the perfect storm," he said. The dollar has soared to a 20-year high against other major currencies this year, reflecting the US economy's greater strength and higher rates compared to other countries. However, Dalio advised against valuing the greenback relative to its rivals.
"They're all bad currencies," he said. "They're all depreciating in buying power," he added, referring to the impacts of inflation and .......
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