“You’re starting to see all the classic early signs,” he said during an interview with MarketWatch Editor-in-Chief Mark DeCambre during the outlet’s inaugural “Best New Ideas in Money” festival. Those signs, he said, are contraction in the housing and auto sectors, which are the first to be impacted by the Fed’s higher interest rates.
It’s not the first time Dalio has sounded the alarm on imminent economic trouble. In June, he was already arguing on LinkedIn that a soft landing was out of the Fed’s reach, even as Bridgewater beat the bear market in the first half of this year, delivering a 32% return to investors as other firms struggled.
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