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Dalio Says the U.S. Is the Most Divided Since 1937

Bloomberg business news

Merk Says Investors Should Pay Attention to Dalio

Billionaire hedge fund manager Ray Dalio said he’s “tactically reducing our risk” because he’s “concerned about growing internal and external conflict leading to impaired government efficiency,” according to a LinkedIn post Monday.

Dalio, whose views on President Donald Trump’s administration have soured in recent months, said “politics will probably play a greater role in affecting markets than we have experienced any time before in our lifetimes but in a manner that is broadly similar to 1937.” He added: “I continue to closely watch how conflict is handled while tactically reducing our risk to it not being handled well.”