Ray Dalio On Where We Are In The Changing World Order
The Julia La Roche Show, Released on 4/11/23
Ray Dalio, the founder of Bridgewater Associates, joins Julia La Roche on episode 68 to discuss where we are in the changing world order, the macroeconomic outlook, and the rising tensions between the U.S. and China. Dalio revisited his thesis from his best-selling book, "Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail." The investor outlined three significant forces, including enormous debts and zero or near-zero interest rates that led to massive printing of money; big political and social conflicts within countries, especially the U.S., due to the largest wealth, political, and values disparities in more than 100 years; and the rising of a world power (China) to challenge the existing world power (the U.S.) and the existing world order. Dalio points out that the last time that this confluence occurred was between 1930 and 1945.
0:00 Intro1:52 Introducing Ray2:14 Macro picture2:56 3 big forces shaping the world5:14 2 other big influences7:20 Tracking the typical cycle7:50 We're in stage 5 when there are very bad financial conditions and intense conflict10:20 U.S. and China approaching greater risk of War11:02 Debt problem12:57 If you mark-to-market bonds at existing rates, you have a lot of financially hurt entities worldwide13:35 Silicon Valley Bank is a 'canary in the coal mine'18:00 Political internal fighting19:45 Emergence of populism21:41 The cycle in the U.S. since 194523:45 Over-indebtedness and increasing wealth gaps25:38 Spend more than we earn, in debt, and large wealth, opportunity, and values gaps28:01 Can we avoid the decline?28:41 If Ray Dalio were president...30:16 If you worry, you don't have to worry.31:22 U.S.-China relationship35:00 The redline36:40 Brinksmanship37:15 Risk of investing or doing business in China40:00 World order breakdown41:33 The bifurcation43:00 'I know I'm scaring people...'44:40 The biggest risk on Ray's mind45:54 'One thing Democrats and Republicans are united on is anti-China.'49:30 U.S. Treasuries51:42 Portfolio construction54:24 Diversify internationally55:58 Status of the U.S. dollar, de-dollarization story57:57 Bitcoin views today1:01:01 Bridgewater, after stepping down1:03:57 Parting thoughts
Ray Dalio is an American businessman and founder of the investment firm Bridgewater Associates, one of the world's largest hedge funds. In 2012, Dalio appeared on the annual Time 100 list of the 100 most influential people in the world. In 2011 and 2012 he was listed by Bloomberg Markets as one of the 50 Most Influential people. Institutional Investor's Alpha ranked him No. 2 on their 2012 Rich List. Dalio has been labeled the Steve Jobs of investing. Ray's latest book is Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail.
Ray Dalio On Where We Are In The Changing World Order added by Herman James on 04/10/2023View all posts by Herman James ?+'