In the investing game, the rules may no longer apply. Billionaire hedge fund manager Ray Dalio warns that the Federal Reserve has set the market up for a significant fall in the near-term. Noting that inflation is far too high, and that the Federal Reserve is moving aggressively against it, Dalio predicts general drawdown, if not a recession, and likely sooner than later. “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range). This will bring private sector credit growth down, which will bring private sector spending and, hence, the economy down with it,” Dalio opined.
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T Mobile US (NASDAQ:TMUS)
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