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Ray Dalio fears ‘something worse than a recession.’ If anything his fears are understated

Dalio

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Robert Hormats is a visiting lecturer at the Yale School of Management. He served as senior economic advisor to Henry Kissinger on the National Security Staff, vice chairman at Goldman Sachs (international), and Undersecretary of State for Economic Growth, Energy and the Environment.

Ray Dalio.

Ray Dalio.

Shannon Finney/NBC via Getty Images

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Robert Hormats

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