Head of world's largest hedge fund says U.S. in a ‘pre-bubble phase' with a 70% chance of recession

``Dalio, whose hedge fund manages some $160 billion, making it the world's largest fund, pegged the probability of a recession at 70%. A recession is sometimes technically defined as two consecutive quarters of economic contraction, however, many economists define such a pullback in growth as a significant fall in activity across the economy that lasts more than a few months.'' -- More like we're in a bubble phase, and it's already deflating...