Ray Dalio says stocks and bonds need to fall further, predicts US recession in 2023-24

Ray Dalio says stocks and bonds need to fall further, predicts US recession in 2023-24

As the world waits for the Federal Reserve to deliver what is expected to be its third “jumbo” interest rate hike, Bridgewater Associates founder Ray Dalio has issued a warning to anyone still clinging to the hope that the prices of beaten assets may soon rebound. According to Dalio’s estimate, the Fed must continue to …

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