Bridgewater’s Ray Dalio Sees Rough Road Ahead For Global Economy As Debt Bubble Deflates

Talking heads on financial cable TV channels seem downright giddy about the possibility that the Federal Reserve will soon be slowing its pace of rate hikes, but the founder of the world’s largest hedge fund says don’t bust out the champagne quite yet. In fact, you should learn to live on a beer budget as the the world economy deflates from a four-decade debt binge.

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At the inaugural Forbes Iconoclast conference earlier this month, Bridgewater Associates Founder Ray Dalio spoke with Forbes Chief Content Officer Randall Lane about historical precedents that suggest the worst of the inflationary spiral is still to come, and how he is investing in a world of stagflation and high interest rates.