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-0.000667330677290796 -9.96015936254074E-05 0.00205179282868532 0.0028585657370518 9.96015936265398E-06 0.0114541832669323 0.0116832669322709 0.00959661354581684
Stock impact report

Billionaire Ray Dalio is worried Trump's tariff war could spark ‘something worse' than a recession [Yahoo! Finance]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Yahoo! Finance
“Right now, we are at a decision-making point and very close to a recession,” the founder of Bridgewater Associates, one of the world's largest hedge funds, told NBC's “Meet the Press” on Sunday. “And I'm worried about something worse than a recession if this isn't handled well.” Dalio, who correctly predicted the 2008 financial crisis, is part of a growing chorus, including major Wall Street banks, worried that tariffs could hamstring the US economy, the world's largest. “If you take tariffs, if you take debt, if you take the rising power challenging existing power, if you take those factors and look at the factors, those changes in the orders, the systems, are very, very disruptive. How that's handled could produce something that is much worse than a recession. Or it could be handled well,” he said. Dalio added that whether tariffs are implemented in a “stable” way or a “chaotic and disruptive way” makes “all the difference in the world.” But, so far, the way Trump has purs Show less Read more
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