Billionaire investor Ray Dalio, founder of Bridgewater Associates, recently highlighted escalating U.S.-China tensions and the importance of diversification in the face of growing global risks.
Speaking at the Greenwich Economic Forum in Hong Kong, Dalio emphasized the potential for significant economic and political upheaval in the coming years, as reported by Bloomberg.
He stressed that U.S. election results and economic sanctions against China are among the most critical issues currently.
Risk Of Internal Conflicts Within The US
Dalio underscored the risk of internal conflicts within the U.S., particularly surrounding the contentious issue of election legitimacy.
He emphasized that the policies of a reelected Donald Trump would starkly contrast with those of a second-term Joe Biden presidency. However, he noted a bipartisan consensus on anti-China policies, which could lead to severe economic consequences on a global scale.
Economic Warfare Often Precedes Military Conflict
“There's a great risk of economic sanctions that would be really terrible for the world,” Dalio said, highlighting that economic warfare often precedes military conflict. He warned that the ...Full story available on Benzinga.com
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