During an interview on NBC's Meet the Press, Dalio warned that Trump's tariff policies and current global tensions could lead to a crisis "worse than a recession." The hedge fund manager compared the current situation to the 1930s, highlighting risks like internal political conflict, shifting global power dynamics, and economic instability.

Ray Dalio is a billionaire hedge fund manager based out of New York City. Many people follow Ray in his macro investing style and famously predicted the 2008 financial crises. Ray Dalio recently stated that America is very close to a recession,

Ray Dalio warns that tariffs mark a tipping point for the global economy, and could spark an entirely unnecessary reorganization of the world order.