“Ray Dalio, founder of the world’s biggest hedge fund, warned on Tuesday of a ‘significant risk’ of a U.S. recession in 2020. ‘It’s going to be globally a slow up. It’s not just the United States; it’s Europe; and it’s China and Japan’ the billionaire investment titan said Tuesday in an interview on CNBC’s ‘Squawk Box.’ ‘Where we are in the later [economic] cycle and the inability of central banks to ease as much, that’s the cauldron that will define 2019 and 2020’ said Dalio, co-CIO and co-chairman of Bridgewater Associates….Dalio said earlier Tuesday during a Davos panel discussion that ‘the next downturn in the economy worries me the most.’ He also said he’s concerned about ‘greater political and social antagonism’ around the globe.”
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