Message from Ray Dalio (MUST READ)
🤔 Ray Dalio : The changes are irreversible - the old world order is collapsing!
🔹 Many exporters and investors are cutting their ties with the US. They understand that trade disputes will not go away, and they need to plan for a future without the previous dependence on America.
🔹 The US role as the world's largest consumer and largest debt creator is becoming unsustainable. The hope for "hard dollars" for the future is naive.
🔹 The formula for what is happening:
Excessive imbalances + deglobalization = less trade and capital flows.
🔹 The world is starting to build new connections bypassing the US. The financial, political and geopolitical order we are used to is cracking at the seams.
🔹 The main thing now is not to rush around following the news, but to calmly and consciously prepare for profound changes.
Ray Dalio is the founder of the world's largest hedge fund, Bridgewater Associates.
Previously:
- opinion on the recession
- Call for an agreement with China
- just a symptom
