Dalio Warns of Potential ‘Great Disruption’ in US Financial System Beyond Typical Recession

Billionaire investor Ray Dalio warned on “Meet the Press” that the US could face “something worse than a recession” if international tariffs aren’t managed properly.

He compared current conditions to the 1930s, citing concerns about a breakdown in the monetary order.

Dalio urged Congress to reduce the budget deficit to 3% of GDP to avoid serious economic disruption, warning that failure to address these issues could lead to a monetary crisis similar to those in 1971 and 2008.