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(Bloomberg) — Bridgewater Associates founder Ray Dalio mentioned there’s a “affordable likelihood” neither main U.S. political celebration will settle for the outcomes of the 2024 election.
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“There’s a fear that one ought to have in regards to the divisiveness and what it means for one another,” Dalio mentioned Monday throughout a wide-ranging interview for “The David Rubenstein Present: Peer-to-Peer Conversations,” scheduled for broadcast Feb. 2 on Bloomberg Tv.
Dalio, 72, has contrasted political dangers within the U.S. with current financial development in China. He praised the Asian nation’s drive for widespread prosperity earlier this month whereas urging nations together with the U.S. to slender wealth gaps. Dalio has a internet price of $15.7 billion, in line with the Bloomberg Billionaires Index.
Learn extra: Dalio Says U.S. Wants a Dose of China’s Frequent Prosperity
The U.S. is in “relative decline,” whereas “China has been rising,” he mentioned within the interview.
Dalio based Bridgewater virtually 4 a long time in the past and constructed it into the world’s largest hedge fund. Like lots of its friends, the agency’s Pure Alpha II flagship fund has struggled over the previous decade, though a powerful efficiency in December helped the fund submit its finest annual return since 2018.
Different highlights from the interview:
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Dalio has a “tiny share” of his portfolio in cryptocurrencies however mentioned an excessive amount of consideration is spent on them.
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The Federal Reserve has been “behind the curve” on financial coverage, he mentioned. “Rising rates of interest means all different belongings have to regulate.”
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With detrimental actual rates of interest, it doesn’t pay to carry money, Dalio mentioned, noting that the common investor ought to anticipate annual returns of about 4%.
(Updates with touch upon China within the fourth paragraph)
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