Ray Dalio, who warned of 2008 market crash, fears ‘something worse’ than recession amid Trump tariffs

Ray Dalio warns the US risks “something worse than a recession” amid debt, tariffs, and political instability.

Compares current global disruption to the 1930s, citing parallels in economic and geopolitical tension.

Blames Trump’s tariff hikes and unsustainable fiscal policies for accelerating global economic breakdown.

Urges urgent fiscal discipline; flags risk of dollar collapse and reduced global reliance on the US.