The next financial crisis ‘will be more severe’ socially and politically, says billionaire investor Dalio
“‘I think it will be more severe in terms of the social, political problems. And I think it will be more difficult to handle … It won’t be the same in the terms of the big-bang debt crisis. It’ll be a slower growing, more constricting sort of debt crisis that I think will have bigger social implications and bigger international implications.”
USAGOLD note: Dalio says investors should be playing some defense.