Ray Dalio’s Gravest Warning Yet: “I Am Tactically Reducing Risk… This Is Broadly Similar To 1937”

Monday, August 21, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Aug 21, 2017

Two weeks after Ray Dalio warned in his latest letter to Bridgewater clients that the right trade in the current environment is to buy gold in case “things go badly”, the head of the world’s biggest hedge fund is out with his gravest warning yet, saying that he is “concerned about growing internal and external conflict leading to impaired government efficiency.” In his LinkedIn post, he writes that he “continues to closely watch how conflict is being handled a guide, and I’m not encouraged.”

Echoing a similar warning issued just days ago from perhaps the most prominent name in all of finance, Lord Jacob Rothschild, the head of the world’s biggest hedge fund says that “conflicts have now intensified to the point that fighting to the death is probably more likely than reconciliation” and in a stark comparison to the days prior to World War II, observes that “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.”

Basically, Ray Dalio just compared the current political environment to the days just prior to the outbreak of World War II. That is probably not a coincidence.

His full LinkedIn note:

I believe that a) most realities happen over and over again in slightly different forms, b) good principles are effective ways of dealing with one’s realities, and c) 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.

The Rest…HERE

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