Aug 22, 2017

Ray Dalio: U.S. more divided than "any time before in our lifetimes"

Ray Dalio, founder of Bridgewater Associates (Michel Euler / AP)

"Dalio Says the U.S. Is the Most Divided Since 1937" ... "Billionaire hedge fund manager Ray Dalio said [on LinkedIn that] he's 'tactically reducing our risk' because he's 'concerned about growing internal and external conflict leading to impaired government efficiency,'" Bloomberg's Katia Porzecanski reports:

  • "Dalio, whose views on ... Trump's administration have soured in recent months, said 'politics will probably play a greater role in affecting markets than we have experienced any time before in our lifetimes but in a manner that is broadly similar to 1937.'"
  • "I'm watching how conflict is being handled as a guide, and I'm not encouraged," Dalio said Monday. "Conflicts have now intensified to the point that fighting to the death is probably more likely than reconciliation."
  • Read Dalio's post.

Go deeper

Syria's darkest chapter

Family room without a family, in Idlib. Photo: Muhammed Said/Anadolu Agency via Getty Images

The worst humanitarian crisis of Syriaโ€™s brutal civil war is colliding today with what could be the warโ€™s most dangerous geopolitical showdown, after at least 29 Turkish troops were killed in an airstrike.

The big picture: The fighting is taking place in Idlib in northwest Syria, where a ferocious Syrian and Russian offensive has displaced 1 million civilians and infuriated Turkey, which borders the region.

Go deeperArrow24 mins ago - World

Axios Dashboard

Keep up with breaking news throughout the day โ€” sign up for our alerts.

Fear of coronavirus pandemic escalates

Photo: Abdulgani Basheer/AFP/Getty Images

In the blink of an eye, we've entered a new phase on the coronavirus.

The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.

Go deeperArrow3 hours ago - Health