Bridgewater Associates founder Ray Dalio's latest comments surrounding geopolitical tensions between China and the U.S. may be 'beneficial' for financial sectors, says one expert.
Billionaire investor and hedge fund manager Ray Dalio issued a bold warning Tuesday, urging that the U.S.'s relationship with China is "on the brink of red lines." The "breaking point," as noted by Dalio during his speech at the Greenwich Economic Forum, would be if the United States were to support Taiwan's independence, which would be the equivalent of a "declaration of war.
Expressing a level of risk here that may be beneficial in the finance community in the sense that if people are listening to him and starting to hear that China's a riskier destination, I think that's very important," he continued. "People do listen to Dalio. I think they've listened to him for the wrong reasons for a lot of the time, but now at this point, I think he's just saying: look, this is all getting very risky.
She's not sending clear signals to the business community, which you would need to do as the treasury secretary. And this is one of the most important strategic departments in an economic context. It's vital to national security, really. And to see her sort of going back and forth in terms of what she understands, I think is concerning. But at least it's showing some of the risks to the business community, if not clear direction.
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