Dalio Says Global Economy Faces ‘Scary Situation’: FII Update - Bloomberg:
Central banks have run out of firepower to fight the next economic downturn, according to global finance chiefs gathered at an investment forum in Saudi Arabia on Tuesday.
Billionaire hedge-fund founder Ray Dalio went further, saying the global economy is under threat from an explosive mix of ineffective monetary policy, a rise in the wealth gap and climate change.
The combination will lead to a “scary situation” over the next decade, according to Dalio, whose investment management firm, Bridgewater Associates, is the world’s biggest hedge fund.
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