-
Greg Jensen warned the Fed’s rate hikes could spark a market downturn and a deep recession.
-
The Bridgewater Associates boss predicted stubborn inflation, slower growth, and weaker earnings.
-
Jensen said the US is at the center of a global financial bubble that may be about to burst.
Investors are delusional if they think the Federal Reserve can vanquish inflation without tanking asset prices and plunging the US economy into a major recession, Bridgewater Associates’ Greg Jensen has warned.
The co-chief investor of Ray Dalio’s hedge fund predicted stubborn price increases, slowing growth, and a decline in corporate earnings, speaking at the SALT hedge fund conference in New York this week.
He also said the US is at the heart of a global financial bubble, argued the pandemic has permanently transformed the world, and highlighted regions and markets where he sees bargains.