Ray Dalio, founder of Bridgewater Associates, warns that Donald Trump’s actions are pushing the U.S. toward a 1930s-style autocracy. Dalio’s concerns stem from government intervention in business, like Trump’s acquisition of a stake in Intel, echoing historical strong autocratic leadership. He highlights growing societal divisions, a decline in trust, and the weakening of democratic processes as factors contributing to this shift. Dalio suggests that many in Wall Street are hesitant to speak out against Trump due to fear of retaliation, and he also criticizes the administration’s efforts to undermine the Federal Reserve’s independence.
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In his new book, investor Ray Dalio compares President Trump’s policies to those of 1930s far-right regimes, highlighting Trump’s aggressive expansion of executive power exceeding even that of predecessors like Jackson and Roosevelt. Dalio questions whether Trump is a demagogue, leveraging emotional appeals to bypass other government branches and control the media. This strongman approach stems from America’s deep political polarization, fostering a confrontational governing style that prioritizes dictation over bipartisan cooperation. The author emphasizes the risks of Trump’s cost-cutting measures and the need to monitor the well-being of the lower 60% of the population.
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Billionaire investor Ray Dalio warns of a potential economic crisis far exceeding a recession, citing disruptive trade policies and a soaring national debt as major contributing factors. He points to the instability caused by President Trump’s tariffs, creating uncertainty for businesses and global trade partners, echoing similar concerns from other industry leaders. Dalio emphasizes the need for strategic handling of these issues to mitigate a severe economic downturn, suggesting a significant reduction in the budget deficit as a crucial step. The unpredictable nature of the tariffs and their potential long-term impacts add to the growing economic anxieties.
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Ray Dalio, Bridgewater founder, expressed deep concern over the global economic outlook, citing President Trump’s disruptive trade policies as a major destabilizing factor. He highlighted a shift from multilateralism to a more unilateral world order, increasing the risk of global conflict and recession. Dalio emphasized the interconnectedness of economic, political, and technological forces, warning that unchecked U.S. debt and trade disputes could trigger a financial crisis exceeding the severity of past events. He advocates for deficit reduction and a cooperative approach to international trade to mitigate these risks.
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John Q. Hosedrinker