Bridgewater’s Dalio Warns of a ‘Perfect Storm’ for Economy

Bridgewater’s Dalio Warns of a ‘Perfect Storm’ for Economy
Ray Dalio, Bridgewater's Co-Chairman and Co-Chief Investment Officer speaks during the Skybridge Capital SALT New York 2021 conference in New York on Sept. 15, 2021. Brendan McDermid/Reuters
Reuters
Updated:

GREENWICH, Conn.—Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, said a “perfect storm” is forming that will spread economic pain as the U.S. Federal Reserve raises interest rates.

Dalio, who handed over control of the $150 billion firm to a new generation of investors this month, said government stimulus programs during the pandemic have created a bubble.