Dalio: We’re at a Decision-Making Point and Very Close to a Recession, I’m Worried About Something Worse Than a Recession

RUSH EXCERPT:
DALIO: "I think that right now we are at a decision making point and very close to a recession, and I’m worried about something worse than a recession if this isn’t handled well. A recession is two negative quarters of GDP and whether it goes there. We always have those things. We have something that’s much more profound. We have a breaking down of the monetary order. We are going to change the monetary order because we cannot spend the amounts of money so we have that problem, and when we talk about the dollar and we talk about tariffs we have that. We are having a profound changes in our domestic order. How ruling is existing and we’re having profound changes in the world order. Such times are very much like the 1930s. I’ve studied history and history repeats over and over again. If you take tariffs, if you take debt, and the rising power will cha challenging and existing power and those factors those changes in the orders, the systems are very, very disruptive, how that’s handled could produce something that’s much worse than a recession or it can be handled well. Let’s take the debt situation."