Ray Dalio sees a parallel between what’s happening between the US and China over Taiwan with what happened before World Wars I and II.
Billionaire hedge-fund founder Ray Dalio said what’s happening between the US and China over Taiwan is following a “classic path to war”.
“If events continue to follow this path, this conflict will have a much larger global impact than the Russia-Ukraine war because it is between the world’s leading superpowers that are economically much larger and much more intertwined.” A People’s Liberation Army member watches military exercises, with Taiwan’s frigate Lan Yang in the background.In a LinkedIn post, Dalio said “the situation that now exists between the United States and China is very similar to that which existed between powers immediately prior to World Wars I and II and many other immediate prewar periods”.“Miscalculations due to misunderstandings when conflicts are transpiring quickly are dangerous.
writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell.
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