- Legendary hedge fund manager Ray Dalio said that the stability of the US dollar is under threat as tensions between Beijing and Washington could lead to a "capital war."
- In an interview with Fox Business, Dalio said if the US government bans investments in China or withholds bond payments on Chinese debt, that could lead to big declines for the US economy.
- "There's a trade war, there's a technology war, there is a geopolitical war and there could be a capital war," he said.
- On Monday, the dollar index fell to a multi-year low, dropping 0.5% to its lowest level since 2018.
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Billionaire investor Ray Dalio has warned that escalating tensions between the US and China could lead to a "capital war" with major repercussions for the value of the dollar.
Dalio, the founder of investment management firm Bridgewater Associates, said on Fox's "Sunday Morning Futures" that both countries are currently in an "ideological civil war" and if they didn't work together, the US economy would decline.
See the rest of the story at Business Insider
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