Bridgewater founder Ray Dalio says there’s a 40% chance of a US recession before the 2020 election

The U.S. economy is taking a turn for the worse, says Ray Dalio, founder of Bridgewater Associates.

Fears of a looming recession in the U.S. were heightened after a closely watched indicator flashed a warning signal: The yield on the 10-year Treasury note briefly broke below the 2-year rate early Wednesday.

Cutting interest rates may not be effective in stimulating economic activity, so economies may resort to weakening their currencies to boost growth, Dalio says.


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