Ray Dalio says stocks and bonds need to fall further, predicts US recession in 2023-24

Ray Dalio says stocks and bonds need to fall further, predicts US recession in 2023-24

As the world waited for the Federal Reserve to make its third “jumbo” interest rate hike, Bridgewater Associates founder Ray Dalio issued a warning to anyone still clinging to hopes that Beaten asset prices may soon rebound. According to Dalio’s estimate, the Fed must continue to raise interest rates substantially if it hopes to successfully …

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