Ray Dalio, the billionaire investor and founder of hedge fund Bridgewater Associates, said on Sunday the United States is “very close to a recession.” In an interview on NBC News’s

Ray Dalio, billionaire founder of Bridgewater Associates, said on Sunday the ongoing trade war had brought the United States close to recession. "I think that right now we are at a decision-making point and very close to a recession,

Ray Dalio's warning on X leaves no doubt about his view of the world. Bridgewater's top holdings include index funds, recession hedges, and utility stocks.