CNBC’s Jim Cramer Torches Hedge Fund Titan Ray Dalio for Predicting Economic Doom: ‘He Keeps Us All in Chains’

 

CNBC’s Jim Cramer ripped a financial titan who delivered a grim economic forecast Sunday in a high-profile interview on NBC’s Meet the Press.

Speaking with Kristen Welker, Ray Dalio — a billionaire investor who founded the world’s largest hedge fund — expressed fear about economic downturn “worse than a recession” if President Donald Trump and his administration mishandles the current climate and its standoff with other nations over tariffs.

“Do you think it is likely that the United States will dip into a recession because of President Trump’s tariffs?” Welker asked.

“I think that right now we are at a decision-making point and very close to a recession,” Dalio replied. “And I’m worried about something worse than a recession if this isn’t handled well.”

In response to the interview, Cramer — who has himself speculated about the possibility of a crash in recent days — ripped Dalio for his grim take.

“The weekend’s reading is filled with commentary of which the major chord is, once again, this man Ray Dalio saying that things are about to get horrendous,” Cramer wrote. “How long must this man be opposed to you ever making money in the stock market. He keeps us all in chains.”

——

Tags:

Joe DePaolo is a Senior Editor at Mediaite. Email him here: joed@mediaite.com Follow him on Twitter: @joe_depaolo