Billionaire funding guru Ray Dalio warns of a looming capital struggle between the US and China – Wikibusiness
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Ray Dalio is warning that the present commerce struggle between the US and China might spiral right into a capital struggle.
“There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war,” Dalio stated on Thursday, including “How that is approached is going to determine our futures.”
The billionaire investor and founding father of Bridgewater Associates, which oversees $160 billion in belongings, spoke at a gala hosted by the Nationwide Committee on US-China Relations in New York — a non-partisan group based to push cooperation between the 2 nations.
“My responsibility as a global economic investor is to find the elements that make countries succeed and fail, and to quantify those indicators,” he stated, in accordance with the committee’s tweets from the occasion.
“I hope that it is done with mutual understanding instead of wars – a win-win relationship rather than a lose-lose relationship,” Dalio added.
The feedback come amid escalating commerce struggle negotiations and after Bloomberg in September reported that the White Home was weighing strikes to restrict US funding in Chinese language companies, which may embrace delisting Chinese language firms from US inventory exchanges and stemming authorities pension flows into Chinese language investments.
Dalio has warned of comparable risks prior to now: “There’s four kinds of war: there’s a trade war, a technology war, currency capital war, and a geopolitical war — and that’s a phenomenon happening at the same time, so internally we have a lot more conflicts,” Dalio instructed a panel in mid-October.
Watch video of Dalio’s remarks, recorded by Bloomberg, right here.