The roaring American economy will probably sink into a recession before President Trump stands for re-election in 2020. At least that's the view of Ray Dalio, the billionaire investor who predicted the 2008 financial crisis. If inflation heats up too much, the Fed could raise interest rates so quickly that it tips the economy into recession. Dalio said there's one economy for the country's top 40%, and another for the bottom 60%. "I'm scared about a recession," Dalio said, "mostly because there are these two economies that exist."

Source: CNN February 22, 2018 16:52 UTC