Billionaire investor and financial markets historian Ray Dalio is sending a dire warning on the outlook for inflation.
“Oh, I’m like an eight, an eight to 10 or something like that,” the Bridgewater Associates Founder and Co-chief investment officer said in an interview for Yahoo Finance Presents when asked how concerned he was about inflation on a scale of 1 to 10.
Dalio is dead right to have that high level of angst on all things inflation.
The Consumer Price Index (CPI) rose by 7.9% in…
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