Legendary Investor, Founder and Head of the BRIDGEWATER investment company, managing the world’s largest hedge fund, Ray Dalio warned the world about the future financial catastrophe, writes CNBC.
According to the financier, one of the most likely reasons for the quick global crisis will be the US War with China due to the accumulated contradictions of the two countries. But even if it does not happen, “the catastrophes are still inevitable, as the practice of the last 500 years shows.”
According to some studies, the trade war with China, which has been continued since 2018, has already turned for the US loss of at least 300 thousand jobs with a decrease in the total capitalization of American companies by 1.7 trillion dollars.
also Dalio gives advice on how to minimize losses in case of global financial cataclysm. According to him, it is necessary to competently assess their assets, to diversify them, investing into liquid, and in the income tools. Among the assets to which investors should seek, the head bridgewater called cryptocurrencies.