Waterbridge founder,Ray Dalio said there is a chance of 40% that US will get into a recession before 2020 election…
Waterbridge founder,Ray Dalio said US economy keeps getting worse every day and there is a chance of 40% that US will go through a recession before 2020 Presidential election.
Recessions are always inevitable.the question is when,He told CNBC.
I think there is a chance of 40% that US will experience recession in two years,Lets say before 2020 presidential election,He also added.
Fear of getting into a looming recession heightened when yield on the10-years treasury broke below 2-year rate.
Bonds have been always served as an early indicator of getting into a recession in the past.