The next economic downturn is what ‘scares me the most,’ Bridgewater’s billionaire founder Ray Dalio says

The next economic downturn is what ‘scares me the most,’ Bridgewater’s billionaire founder Ray Dalio says

The next downturn in global growth is a daunting prospect for financial markets, according to the billionaire founder of the world’s largest hedge fund.

His comments come at a time when investors are increasingly concerned about a serious global economic slowdown, with a long-running U.S.-Sino trade war souring business and consumer sentiment.“What scares me the most longer term is that we have limitations to monetary policy — which is our most valuable tool” Bridgewater Associates’  Ray Dalio said during a panel discussion at the World Economic Forum (WEF) in Davos on tuesday.

“So, the next downturn in the economy worries me the most,” he added.

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