The next financial crisis ‘will be more severe’ socially and politically, says billionaire investor Dalio

MarketWatch/William Watts/9-12-2018

“‘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.

 

 

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