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…
Ray Dalio On Stagflation, Recession And Why The U.S. Is More Polarized Than Ever
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.