Ray Dalio On Stagflation, Recession And Why The U.S. Is More Polarized Than Ever

As things currently stand, the legendary Ray Dalio of Bridgewater, the world’s largest hedge fund firm, believes we’re heading for a recession in 2023 or 2024. So far, it looks like he’s been reading the markets right because Bridgewater is killing it right now with a year-to-date return of around 25%-ish, according to Dalio. Watching These Three Forces At MarketWatch’s Best New Ideas Money Festival on Wednesday, he gave his outlook on the economy and thoughts on the current market environment. Dalio sees three forces taking shape in the world that have occurred in our lifetimes. The first is excessive…