Ray Dalio sees the Federal Reserve hiking to 4.5%, so stocks will drop 20%<p>Ray Dalio, founder of Bridgewater on what he sees ahead:</p><ul><li>"It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range)" </li><li>"This will bring private sector credit growth down, which will bring private sector spending and, hence, the economy down with it."</li><li>will in turn see equity prices dropping nearly 20%</li></ul><p>Dalio has posted the piece online, you<a href="https://www.linkedin.com/pulse/starts-inflation-ray-dalio?trk=portfolio_article-card_title" target="_blank" rel="nofollow"> can read the whole thing here. </a></p>
This article was written by Eamonn Sheridan at forexlive.com.
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