Ray Dalio, founder of Bridgewater on what he sees ahead:
- “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range)”
- “This will bring private sector credit growth down, which will bring private sector spending and, hence, the economy down with it.”
- will in turn see equity prices dropping nearly 20%
Dalio has posted the piece online, you can read the whole thing here.
