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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBillionaire hedge fund manager Ray Dalio Has Growing Concerns About Donald Trump
by Katia Porzecanski
June 5, 2017, 9:57 AM EDT
Billionaire hedge fund manager Ray Dalio, who was initially bullish on Donald Trumps ability to stimulate the economy, is growing increasingly concerned about the potential consequences of his presidency.
When faced with the choices between whats good for the whole and whats good for the part, and between harmony and conflict, he has a strong tendency to choose the part and conflict, Dalio said in a LinkedIn post Monday. The more I see Donald Trump moving toward conflict rather than cooperation, the more I worry about him harming his presidency and its effects on most of us.
Dalio appears to be gaining more clarity on Trump. In March, he said that he had more questions than answers about the presidents brand of populism -- and that the most important thing to watch was how conflict is handled. The founder of the $160 billion Bridgewater Associates said Trumps decision last week to exit the Paris climate accord, a landmark pact reached by almost 200 countries to curb fossil-fuel production, is the latest example of the presidents approach to conflict.
Every week is telling in that regard, he said Monday. This next week will be no different.
more
https://www.bloomberg.com/news/articles/2017-06-05/dalio-concerned-by-consequences-of-trump-s-pursuit-of-conflict
bresue
(1,007 posts)Sometimes these analysts....stare at the numbers for so long...they don't see the human side to numbers going up or down. For instance, how many retirees lost their pensions in 2008? Did Dalio see this greed before the meltdown and how it would affect this generation of baby-boomers?
Kleveland
(1,257 posts)"Uh, gee I have so much money, with *Rump I figured I couldn't go wrong, being what a fine caring, upstanding citizen and successful business man he has always been".
What, are you fucking kidding me?
Bullish on *Rump...
Too little too late bucko, you and your ilk..... I, I am just speechless.
MagickMuffin
(15,943 posts)So, moving away from fossil fuel isn't part of their agenda. And of course the GOP wants that as well!
LonePirate
(13,426 posts)Sure, some sectors or participants might need some targeted help. However, the economy has been steadily growing for several years at a pace that has kept both deflation and inflation at bay.
Anybody who thinks an unstable imbecile like our current president knows how to and should stimulate the economy probably should not be managing a twelve figure hedge fund.
chowder66
(9,073 posts)Makes one wonder how they do business.
Hugin
(33,164 posts)He's kinda slow on the uptake. Hardly someone I'd want handling my investments.