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5/13/17

US Economy: Ray Dalio says the long term economic picture 'looks scary' - Evelyn Cheng

Ray Dalio, founder of Bridgewater Associates, is feeling OK about markets and the economy right now, but he is getting really worried about the future.

"Big picture, the near term looks good and the longer term looks scary," Dalio wrote in a LinkedIn blog post Friday.

"We fear that whatever the magnitude of the downturn that eventually comes, whenever it eventually comes, it will likely produce much greater social and political conflict than currently exists," he said.

Bridgewater manages $150 billion.

Dalio listed four reasons for his pessimism:

For the full report click here: Ray Dalio says the long term economic picture 'looks scary'

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