Did Trump's policies drag the U.S. into recession? The billionaire investor, an old friend of Trump, revealed

Billionaire investor Marc Lasry has expressed concern that the economic uncertainty caused by President Donald Trump’s policies, especially tariffs, is slowing investment activity and could tip the U.S. into recession. Speaking at the Credit Opportunities Seminar held at New York University on Friday, the Avenue Capital Group co-founder highlighted the risks of market unpredictability. “The problem for the market is when they don’t know what to do,” Lasry said. “An economy cannot survive like that. It slows things down and could tip the economy into a recession.” Lasry acknowledged that the economy remains strong, but he noted that uncertainty about the direction of the economy could drive more investors to credit markets as stock returns become increasingly unpredictable. Lasry’s comments come as the S&P 500 fell for the fourth week in a row, bringing its year-to-date loss to about 4.5%. Meanwhile, U.S. investment bond spreads widened to their widest level since September, signaling rising credit risk. Major financial institutions such as Goldman Sachs and Barclays have warned that credit risk will increase. Lasry has a history of dealings with Trump, having invested in Trump Entertainment Resorts after the company went bankrupt in 2009. Lasry said of his interactions with Trump during that time, “He likes chaos, and the more chaos, the better.”