Ray Dalio: US at a Recessionary Fork in the Road

Founder of Bridgewater Associates, the world’s largest hedge fund according to “Meet the Press,” Ray Dalio said on Sunday that the United States stands at a fork in the road, the choices being something worse than a recession or an economy that is “handled well.”

Several factors could contribute to a breakdown of the monetary system worse than 2008, Dalio told NBC News’ Kristen Welker.

“Worse than a recession? You’re talking about the 1930s. What, specifically, are you warning of?” Welker asked. “Are you saying it could be as bad as a depression? What’s your biggest fear?”