Ray Dalio says US may lose its place in the global order. Here’s what it will mean for the economy, and your money
Billionaire hedge fund manager Ray Dalio warns that the US may lose its place in the global order due to deeper structural problems. He believes the conflict in the Strait of Hormuz will decide if the US retains its supremacy in the world order or not, which could lead to a shift in global power and economic consequences.
Ray Dalio says the US may lose its global dominance. He cites the conflict in the Strait of Hormuz as a deciding factor. The strait is a critical trade route, with a fifth of the world's oil supply flowing through it daily. Dalio warns that even if the US 'wins' this conflict, losing trade connections with this oil supply chain could shift the balance of global power. He outlines five forces reshaping the global landscape, including the breakdown of the global monetary order and the rise of strong autocratic leaders.
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