JAN 20, 2016
"The risks are asymmetric on the downside, because asset prices are comparatively high at the same time there's not an ability to ease," he added. "That asymmetric risk exists all around the world. So every country in the world needs an easier monetary policy."
"It's going to be much more difficult this next time," he said, because the U.S. needs movement on fiscal policy from lawmakers in addition to just monetary policy from the central bank.
Dalio's Bridgewater Associates has $155 billion in assets under management and counts the World Bank among its investors. He's advised various U.S. treasury chiefs including, Tim Geithner and Larry Summers.