Paul Tudor Jones Correctly Predicted the 1987 Stock Market Crash: Here’s What the Billionaire Hedge Fund Manager Says Is Coming Next

Paul Tudor Jones Correctly Predicted the 1987 Stock Market Crash: Here’s What the Billionaire Hedge Fund Manager Says Is Coming Next
Paul Tudor Jones attends 2017 Dubin Breast Center Annual Benefit at the Ziegfeld Ballroom in New York on Dec. 11, 2017. Craig Barritt/Getty Images for Mount Sinai Health System
Benzinga
Updated:
Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession.

What Happened

Jones, founder and chief investment officer of Tudor Investment, warned the U.S. economy is headed for a recession if it’s not already in the midst of one Monday on CNBC’s “Squawk Box.”

“The Federal Reserve board is fighting something it hasn’t seen really in almost four decades,” Jones said.