In a stark warning, the Bridgewater founder said hopes for a negotiated fix to the U.S.-led tariff battles are "naive." The shift away from U.S.-centric trade and investment flows is already happening — and it’s happening fast.
The bigger worry: America’s role as the world’s consumer of last resort — and biggest issuer of debt — is looking increasingly unsustainable. Dalio warns that relying on the U.S. to keep buying and borrowing, and trusting that dollar debt will hold its value, is a dangerous assumption. Countries are beginning to plan for a future where the dollar may not be the ultimate safe haven.
Deglobalization is here.
The U.S. risks being sidelined as new global networks form without it.
There’s still a chance to manage the transition well — but it would require calm, coordinated action that so far has been sorely lacking. Dalio has floated solutions, like his "3-Part, 3-Percent" fiscal plan outlined in his new book How Countries Go Broke: The Big Cycle, but he doubts policymakers will act in time.
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Dalio in a tweet, warns its too late already:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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