Dalio: “Recession would foment riots in the US”

Dalio: Reporting of Wall Street Italia
Of Daniele Chicca
In the event of an economic recession in the United States, there is a risk of worsening social tensions, with the first economic and geopolitical power in the world that could witness riots and revolts. That's what he fears Ray Dalio, manager of the large fund from 150 billion dollar Bridgewater Associates.
In a country that was the scene of the protests of Occupy Wall Street against the so-called 1% of the privileged population, in a context of stagnant wages and tax cuts for multinationals and the rich, some sections of the population would in fact feel relegated to the margins.
The country has never been as polarized as it is since a controversial president was elected Donald Trump. Furthermore, as the manager points out hedge fund largest in the world, il 60% of families do not emerge advantaged from the maxi tax reform which increases the deficit and rewards the wealthiest. If the economy slows down there will be trouble.

If the United States falls into a recession, the problems would not be limited only to the economic field: “If we suffer a slowdown in the expansion phase of the economy”, says Dalio in an interview with Wall Street Journal, “I'm afraid that we will jump on each other“.
Source: http://www.wallstreetitalia.com/fondo-hedge-recessione-causerebbe-rivolte-in-usa/?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter:+WallStreetItalia&utm_content=04-01-2018+dalio-recession-would-foment-riots-in-usa+close-up

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