Wealthy entrepreneur Ray Dalio expresses substantial worries about Trump's tariffs, forecasting a global economic deceleration.
Hold that Thought
Let's dive into some financial news, shall we? Ray Dalio, the grandmaster of Bridgewater Associates, is voicing concerns about President Trump's tariff strategies. In an informative chat with CNBC, he hits the bullseye on his worries that these tariffs could squeeze the global economy.
Now, you might think, "Heyy, let's hammer foreign countries with some hefty tariffs, it'll boost our economy, right?". Well, not so fast, partner! Ray's not buying that narrative. He reckons that these tariffs are more likely to create a "mess in the gears of production worldwide," muddying the global economy's works.
But it's not all doom and gloom. Dalio supports the idea that our system's in need of an overhaul, including shrinking the nation's debt and cutting government spending. However, he's concerned we've got bigger fish to fry, like a massive debt monster lurking in the shadows and government gorging on overspending. He warns that we're heading down a path similar to the 1930s, not a picnic, that's for sure.
So there you have it! The wise ol' investor is urging us to tackle those pesky systemic challenges, one step at a time, if we want to avoid a seismic economic meltdown. Now, let's see how the rest of the crypto world's holding up!
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Disclaimer: Opinions expressed in The Daily Hodl are not financial advice. Investors should do their own research before making any high-risk investments in crypto, blockchain, or digital assets. You're responsible for any losses you may incur. The Daily Hodl takes part in affiliate marketing.
Resources: [1] The Daily Hodl, April 10, 2025 [2] The Daily Hodl, April 22, 2025 [3] The New York Times, September 1, 2019 [4] The Financial Times, October 1, 2018 [5] The Economist, May 1, 2019
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- In the realm of cryptocurrency, BYDFi, a notable player, announces its sponsorship of TOKEN2049 Dubai, while MoonX, an on-chain trading tool, makes its debut in the Middle East.
- The financial news landscape also includes flurry of announcements on blockchain technology, as Solstice Labs unveils plans for USX, a Solana-native stablecoin, and Common launches the first privacy web app with subsecond proving times for Arbitrum and Aleph Zero EVM.
- The altcoin sector is not left behind, with Ika revealing a strategic investment from Sui Foundation, pushing its total funding beyond $21 million.
- As politics and policy-and-legislation shape the business landscape, the securities and exchange commission (SEC) case against Richard Heart is dismissed in full, a boost for crypto advocates.
- Amidst the cryptocurrency chaos, financial analysts agree on a bullish trend for Bitcoin, claiming a reliable macro breakout signal has been confirmed, and Galaxy executive predicts that the US government may accumulate Bitcoin this year to boost its strategic reserve.
- Despite these positive developments, concerns about regulatory issues, scams, and mixers persist, necessitating increased vigilance and transparency in finance, business, and technology sectors.
