Economics
Trump Administration ‘Hell-Bent’ on Making Big Changes, Dalio Says
- Shift could be more significant than 1979-82 in U.K., U.S.
- President-elect may ignite ‘animal spirits,’ attract capital
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Economic changes under the Donald Trump administration may be more significant than shifts from “the socialists to the capitalists” in the U.K., U.S. and Germany from 1979 to 1982, according to Bridgewater Associates founder Ray Dalio.
Comparing Trump to Margaret Thatcher, Ronald Reagan and Helmut Kohl, Dalio said the incoming administration may have a much bigger impact on the U.S. economy than can be measured by tax changes and fiscal spending. The Trump era could “ignite animal spirits” and attract productive capital, the billionaire fund manager wrote in a LinkedIn post on Monday.