Dalio Says He's Pessimistic About Global Economy in 2024

Bridgewater founder Ray Dalio says he's "pessimistic" about the outlook for the global economy in 2024. "You have a political, you have a monetary, you have a conflict type of environment," Dalio said during a panel discussion moderated by Carlyle co-founder David Rubenstein at the Future Investment Initiative in Saudi Arabia.
--------
Connect with us on...

[ktbfh]

I dont even know where the stock market is headed to right now. my portfolio of around 200k is not increasing more than 5% and people are predicting a crash .

[owls]

What I admire most about Ray Dalio is that he always provides reasons behind his views. He beautifully explained what makes him feel pessimistic about 2024.

[nostric]

No shit. Tell us something we dont know.

[kallade]

They speak so vaguely and that here is a problem.

[cerealpeer]

here i am tossing a coin on whether i should cover my ears and close my eyes 🤷🥚

[LarsBergstrom-uheu]

It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.

[ThomasShelby-xzfk]

This guy is always a pessimistic fear mongerer

[saabTacticalhapCGH]

i dont think that free income service act [previously employeed employees from the mid 2006-2015 terms or F.I.S.A are actually involved in Ernst, & Young which is logo is a bird with a long beak with BALL attatchment i forget the name of the dodo or emu

Mitel is a private corporation

London exchange a company that doesnt produce any product to the hands to its user or customer. more so creating the paper reduction act.

[rosemarysheldon]

"Have you guys been keeping an eye on global economic trends lately? It seems like there's a lot of uncertainty. How does that impact retirement planning?"

[sdtsai]

He also said china market would boom last year.

[garrett]

When is Dalio not pessimistic about the economy???

[romitwenger]

When is he not pessimistic? Except for China ofcourse. Dude has predicted 50 out of last 2 recessions

[willthomas]

It's going to be one cold November

[sociallybrenden]

Considering that he is one of those that created this climate purposely, i believe him. Lol!

[ryanpark]

Honestly my life is falling apart right now. I get being pecimissitic

[lovelygem]

Tired of hearing such a rich guy being pessimistic about economy.

[dancermasked]

Get ready for a Change to new world in the next three years future Investment initiative group.

[reg]

Repentance and prayers and calling God back into our lives our homes churches government n living his commandments

[MrFuse]

The good thing about hos pessimism is that he will still buy stocks and not sell anything

[Barr]

It’s very easy to see what’s happening. The fed paused, bond yields dropped fast, but gold, commodities, bitcoin kept going up. This means fed is not fighting inflation anymore. They indirectly somehow purchased treasuries (QE) again. But inflation is still there. That’s why commodities are still going up as bond yields dropped. They kicked the can down the road. They averted a recession. But come next year the inflation will be way worse and yields will skyrocket. For next 7 months interest rates will drop. Nice present for the next president.