Ray Dalio Warns of U.S.-China ‘Capital War’ That Would Hit Dollar
- Bridgewater founder lays out scenario for expanded clash
- Sees dollar’s stability under threat from U.S. own policies
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Billionaire investor Ray Dalio said conflict between the U.S. and China could expand into a “capital war” that he suggested would harm the dollar.
The founder of Bridgewater Associates laid out a scenario for the next clash between the two countries, based on measures he said are within the realm of possibility. He also warned that loose fiscal policy and ideological divisions are pushing the U.S. into decline.