The Looming “Capital War” with China
Hedge fund icon Ray Dalio delivered a grim speech yesterday at a gala dinner for the National Committee on US-China Relations. The investor is worried about war in all it forms. He said that âThere is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital warâ. Famed former US Secretary of State Henry Kissinger also spoke at the event and told both sides that they must avoid a shooting war at all costs, as no side can win.
FINSUM: Everyone on both sides will hopefully be somewhat relieved if a âphase oneâ trade deal can be reached.
- trade war
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