Latest news with #RayDalio
Bloomberg
a day ago
- Business
- Bloomberg
Dalio Won't Join Indonesia Fund as Adviser in Blow to Prabowo
Ray Dalio won't be an adviser to Indonesia's new sovereign wealth fund Danantara, people familiar with the matter said, just two months after officials announced the billionaire's involvement. The founder of Bridgewater Associates opted not to be on Danantara's advisory board even as the fund publicly touted his appointment along with four other prominent business and political leaders in March, said the people, asking not to be identified discussing a private matter. The reason wasn't immediately clear.
The Guardian
2 days ago
- Business
- The Guardian
Trump is ‘remarkably like' 1930s far-right fascists, billionaire investor warns
Donald Trump wants to 'dictate' policies like those of far-right regimes in the 1930s, a leading billionaire investor has warned. Ray Dalio writes in a new book that the US president is acting like a chief executive without a board as he seeks to expand executive power even more aggressively than predecessors Andrew Jackson and Franklin D Roosevelt. Dalio, 75, is the founder of investment firm Bridgewater Associates, one of the world's biggest hedge funds, and a rare critic of the system that generated his wealth. His book How Countries Go Broke: The Big Cycle addresses the national debt and Trump's attacks on democratic norms. The Guardian obtained a copy. Invoking a decade when fascists such as Adolf Hitler of Germany and Benito Mussolini of Italy were in power, Dalio writes: 'When I say that the policies President Trump is using to 'make America great again' are remarkably like the policies that those of the hard-right countries in the 1930s used, that should not be controversial.' He continues: 'It would be fair to argue that his attempts to maximise the power of the presidency by bypassing the other branches of government are analogous to the ways that Andrew Jackson (of the right) and Franklin D Roosevelt (of the left) did, though he is even more aggressive than they were. We will see how far he will take it.' In times of conflict, Dalio notes, aggressive leaders work to eliminate the opposition, make changes to the law to assume special powers and seize control of the media to produce pro-government propaganda. If conflicts become severe, new laws and punishments target the opposition. Since returning to office in January, Trump has signed a record 152 executive orders, concentrating power and sidelining Congress. He has defied court orders and detained or deported immigrants without due process. He has sought to reward law firms, media companies and universities that bend to his will and punish those that defy him. 'Is Donald Trump a demagogue?' Dalio asks, describing a demagogue as a political leader who gains power by appealing to people's emotions, fears, prejudices and desires, typically stirring up populist sentiment and promising easy solutions to complex problems. 'The question is what will the controls be and how far will Trump push things? Unlike for a CEO, there is no board for the US president. Are there effective regulators in place? If so, it is not clear to me who they are.' Trump's strongman style is a symptom of America's polarised politics, the author argues. 'Donald Trump wants to dictate policies rather than have a classic 'let's work together across party lines' approach to governing. This confrontational approach is an extension of how great internal political conflict has become in recent decades.' Dalio grew up in a middle-class neighborhood on New York's Long Island. He began investing at the age of 12 when caddying at a local golf course. He went to Harvard Business School, had short stints at two Wall Street firms and started Bridgewater in 1975 from a two-bedroom apartment in New York. It went on to become the largest hedge fund in the world. In How Countries Go Broke, Dalio identifies the government's debt – currently more than $36tn – as the US's most serious problem, outlines what he calls the 'Big Debt Cycle' and offers advice on how people can protect themselves from the fallout. The businessman, who correctly predicted the 2008 financial crisis, condemns the Trump administration's cost-cutting measures as likely to have negative consequences because 'many people who will be hurt by them will fight back and valuable support systems will be weakened or eliminated'. He adds that his own wife works to help low-income students in deprived neighbourhoods who suffer from inadequate nutrition. The cancellation of school lunch programmes on which they depend 'will have terrible second-order consequences'. Trump's policies are aimed at moving more money, power and freedom into the hands of the most productive people, Dalio adds. 'It's not easy to manage and improve a country that has been mismanaged and in such a mess while also keeping people happy at a time when democracy is fracturing. I recommend regularly checking on how those in the bottom 60% are doing and feeling.'
Fox News
2 days ago
- Business
- Fox News
GORDON CHANG: Is Trump rescuing China's Communists?
Print Close By Gordon Chang Published May 27, 2025 "If I didn't do that deal with China, I think China would have broken apart," President Donald Trump told Fox News' Bret Baier earlier this month. Trump was talking about the arrangement, announced May 12, in which the United States and China agreed, among other things, to reduce their general tariff rates on the other by 115 percentage points for 90 days. Most analysts have scored the pact as a win for China. The reduction in American tariffs allows China to resume sales to the U.S.—America accounts for more than a third of global consumer spending—but the reduction in Chinese tariffs does little to permit American goods to enter China. The main obstacles to American exports to China are China's non-tariff barriers, and the announced pause does nothing to end non-tariff barriers put in place before April 2, "Liberation Day," as Trump called it. BILLIONAIRE RAY DALIO RAISES ALARM OVER CHINA, SAYS TRUMP RENEGOTIATING TRADE DEALS 'HAS TO HAPPEN' Moreover, the reduction in U.S. tariffs is akin to unilateral disarmament. U.S. tariffs are generally remedies for China's theft of U.S. intellectual property and its increasingly predatory trade practices. During the pause, China is continuing these unacceptable practices without facing the penalty of America's elevated tariffs. "China came out on top," Alan Tonelson, an American trade expert who blogs at RealityChek told me. "No question, we got the short end of the stick." Trump's "tariff war," as the Chinese regime calls it, could not have come at a worse time for the Communist Party. The country's economy was already in distress. Yes, the National Bureau of Statistics continually issues reports of robust growth of gross domestic product—5.4% in the first quarter—but in reality, the economy looks like it is contracting. Price data for February, March, and April confirm China is in a deflationary spiral. DONALD TRUMP DETAILS 'MOST EXCITING PART' OF CHINA TRADE AGREEMENT Trump's "Liberation Day" tariffs battered China's already struggling export sector. Factories were closing, unpaid workers were demonstrating in the streets, smaller banks were restricting withdrawals. As Trump suggested to Baier, the Chinese regime was struggling and might not have survived his high tariffs. The 90-day pause, therefore, gave the Chinese regime a lifeline. Now, China's factories can make and ship products to America for the most important time of the year for them: the Christmas season, which starts around June. The Communist Party is no stranger to rescues from America. Three times American presidents have saved communism in China. TRUMP SAYS CHINA AGREES TO 'FULLY' OPEN COUNTRY'S MARKETS TO US BUSINESSES Richard Nixon did that in 1972, near the end of Mao Zedong's decade-long Cultural Revolution, essentially a civil war that almost brought down the regime. His visit to Beijing signaled to the Chinese people that America stood with communist rule. George H. W. Bush threw Deng Xiaoping a lifeline after the nation-wide demonstrations and slaughter in Beijing's Tiananmen Square in 1989. Finally, there was Bill Clinton's trade deal in 1999, which came at a low point for a Chinese state then struggling to emerge from the Asian Financial Crisis. The deal paved the way for China's fabulously beneficial—and wholly premature—entry into the World Trade Organization. TRUMP SAYS 'TOTAL RESET NEGOTIATED' WITH CHINA DURING TARIFF TALKS IN GENEVA Washington had a great need to enlist Mao in the Cold War struggle against the Soviet Union, but Bush and Clinton would have been much better off without the Chinese Communist state. Bush and Clinton, leading a dominant America, thought that Chinese leaders would reciprocate and work cooperatively with Washington and its partners. The Communist Party, almost everyone then assumed, would see it in its interest in maintaining an international system that was responsible for China's rise. "By now, it's clear that our hopeful assumptions about China's trajectory were fundamentally wrong," Charles Burton of the Sinopsis think tank told me this week. "As China grew stronger, the Communist Party became even more hostile, belligerent, and dangerous." This month, Xi Jinping demonstrated that cooperation with his hostile, belligerent, and dangerous regime is not possible. First, China violated its promise to remove all "the non-tariff countermeasures taken against the United States since April 2, 2025." Among those countermeasures is the April 4 prohibition of export of magnets and certain minerals to the U.S., which is still in place. CLICK HERE FOR MORE FOX NEWS OPINION Then, the Communist Party, through the semi-official Global Times tabloid, signaled it would not by the end of 90 days remove what Trump on May 12 called "all of its non-monetary barriers." Finally, on May 18, the Chinese central government upped the stakes, provocatively imposing a 74.9% anti-dumping duty on U.S.-made POM copolymers, an industrial plastic. China's response to Trump's concessions was "blatantly dishonest," Charles Burton, also a former Canadian diplomat in Beijing, said. "Bad faith bargaining is the Communist Party's stock-in-trade," he added. "Trump's comments to Bret Baier show that the president let up on China at exactly the wrong time," Tonelson pointed out. Trump had leverage and gave it up. China then went on the attack. CLICK HERE TO GET THE FOX NEWS APP So, what should President Donald Trump do now? "The first thing is to walk away from China's mendacious interactions," Burton advises. "Rescuing communists never works." CLICK HERE TO READ MORE FROM GORDON CHANG Print Close URL
Barnama
3 days ago
- Business
- Barnama
Top News Headlines In Indonesia, Myanmar, Singapore, Thailand & Vietnam: May 25, 2025
The government is set to reintroduce electricity bill discounts for low-power households starting June 5, as part of a broader stimulus package aimed at boosting purchasing power. The Indonesian government announced a package of economic stimuli to boost people's purchasing power in the second quarter (Q2) of 2025, including a 50-per cent electricity discount for 79.3 million households in June and July. PREVENTIVE ACTION AS MONSOON LOOMS -- THE GLOBAL NEW LIGHT OF MYANMAR The Health Ministry is stepping up efforts on the prevention and control of respiratory infectious diseases that are prevalent during the monsoon season and COVID-19 preventive measures. Surveillance at airports, seaports and border camps has been enhanced. AGRI AND LIVESTOCK EXPORTS TO BOOST ECONOMY -- THE GLOBAL NEW LIGHT OF MYANMAR The government is encouraging citizens to prioritise agricultural and livestock production for exports. These sectors can generate income and improve the socioeconomic conditions. Bamboo pulp, consumer products made from bamboo and food products have export potentials. SINGAPORE 1. SPOTLIGHT ON BILLIONAIRES AND TYCOONS WHO CHOSE SINGAPORE TO SET UP THEIR FOUNDATIONS FOR CHARITY WORK -- THE STRAITS TIMES Some of the richest people in the world, such as American hedge fund billionaire Ray Dalio, Indonesian coal king Low Tuck Kwong and Brazil-born Facebook co-founder Eduardo Saverin, have set up foundations in Singapore to give to charitable causes in the past three years. TRUMP TARIFFS, ASEAN SUMMIT TO PRIORITISE NEW TRADE LINKS WITH OTHER POWERS: ANALYSTS -- CNA Diversification is likely to be the underlying theme at the upcoming 46th Association of Southeast Asian Nations (ASEAN) summit, as the bloc seeks new partnerships and closer ties with other major powers to cushion the impact from United States President Donald Trump's tariffs and isolationist policies, analysts say. THAILAND 1. MAE SAI FLOODING: MILITARY REINFORCES FLOOD BARRIERS, CLEARS DEBRIS UNDER THAI-MYANMAR FRIENDSHIP BRIDGE -- THE NATION Residents of Mae Sai and nearby areas are urged to stay vigilant and monitor updates from the authorities as the situation remains fluid and further rain is expected. 2. AI CAMERAS NET SUSPECTS IN TOURISTS HOT SPOTS MOMENTS AFTER THEIR DETECTION -- BANGKOK POST Tourism police have deployed AI-powered surveillance cameras at hot spots nationwide, resulting in nearly 200 arrests since July 2024. VIETNAM ONLINE GAMBLING GANG CRIPPLED -- VIETNAMPLUS Vietnamese and Lao police have smashed a major cross-border illegal online gambling syndicate involved in about RM210 million (US$50 million) worth of bets. Nearly 30 Vietnamese suspects involved in operating gambling websites and online betting platforms were detained. MANGOES DOMINATE CHINESE MARKET -- VIETNAMPLUS Vietnamese mangoes managed to capture 97 per cent of China's mango import market share in the first quarter of this year. This achievement was largely due to competitive pricing, maintaining consistent quality and timely supply. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
Yahoo
4 days ago
- Business
- Yahoo
Ray Dalio warns Americans the current chaos is much bigger than tariffs - 2 simple ways to protect yourself
Moneywise and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Waves of tariffs from President Donald Trump — despite a temporary pause on many — has unleashed chaos across global markets, reigniting trade tensions and rattling investors. But billionaire hedge fund manager Ray Dalio says the real storm is still to come. On April 7, in a lengthy social media post, Dalio argued that the recent tariff drama is merely a symptom of deeper, structural problems. 'We are seeing a classic breakdown of the major monetary, political, and geopolitical orders,' he wrote. Dalio outlined five forces he described as reshaping the global landscape. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how BlackRock CEO Larry Fink has an important message for the next wave of American retirees — here's how he says you can best weather the US retirement crisis Nervous about the stock market in 2025? Find out how you can access this $1B private real estate fund (with as little as $10) 1. The global monetary order Dalio said the global economic order is breaking down due to unsustainable debt and deep imbalances between debtor nations like the U.S. and creditor nations like China. As these imbalances unwind, Dalio warned the current monetary order will be forced to change in 'big disruptive ways', with major consequences for capital markets and the broader economy. 2. The political order Dalio sees the political order of democracies breaking down under the weight of what he calls 'huge gaps' in people's education, income and opportunity levels, as well as values. He said history shows this kind of environment often gives rise to 'strong autocratic leaders' — especially when paired with economic and market turmoil. 3. The global power structure Dalio was blunt on this point: 'The international geopolitical world order is breaking down because the era of one dominant power (the U.S.) that dictates the order that other countries follow is over.' He argued it's being replaced by a 'unilateral, power-rules' approach. While the U.S. remains the most powerful nation, Dalio said it is now operating under a more self-interested, 'America First' framework. 4, 5. Nature and technology Dalio added that 'acts of nature' — such as floods and pandemics — are becoming more disruptive, while rapid advances in technology — such as artificial intelligence — are impacting 'all aspects of life, including the money/debt/economic order, the political order, the international order, and the costs of acts of nature.' Dalio didn't offer specific investment advice in his post. But in a February interview with CNBC, he noted the importance of diversification — and pointed to the role of one time-tested asset. 'People don't have, typically, an adequate amount of gold in their portfolio,' he said. 'When bad times come, gold is a very effective diversifier.' Gold is considered a go-to safe haven. It can't be printed out of thin air like fiat money, and because it's not tied to any single currency or economy, investors flock to it during periods of economic turmoil or geopolitical uncertainty, driving up its value. Over the past 12 months, gold prices have surged by around 35%. One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of Thor Metals. Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those looking to potentially hedge their retirement funds against economic uncertainties. To learn more, you can get a free information guide that includes details on how to get up to $20,000 in free metals on qualifying purchases. Read more: You're probably already overpaying for this 1 'must-have' expense — and thanks to Trump's tariffs, your monthly bill could soar even higher. Here's how 2 minutes can protect your wallet right now Many experts — including Federal Reserve Chair Jerome Powell and JPMorgan CEO Jamie Dimon — have warned that Trump's tariffs could trigger a significant rise in inflation. While gold remains a classic hedge, real estate offers a time-tested alternative — with the added benefit of generating passive income. When inflation rises, property values often increase as well, reflecting the higher cost of materials, labor and land. At the same time, rising living expenses tend to push rents higher, helping landlords offset the erosion of purchasing power. Traditionally, investing in real estate meant buying property outright and becoming a landlord. New investing platforms are making it easier than ever to tap into the real estate market. For accredited investors, Homeshares gives access to the $36 trillion U.S. home equity market, which has historically been the exclusive playground of institutional investors. With a minimum investment of $25,000, investors can gain direct exposure to hundreds of owner-occupied homes in top U.S. cities through their U.S. Home Equity Fund — without the headaches of buying, owning or managing property. With risk-adjusted internal returns ranging from 12% to 18%, this approach provides an effective, hands-off way to invest in owner-occupied residential properties across regional markets. If you're not an accredited investor, crowdfunding platforms like Arrived allows you to enter the real estate market for as little as $100. Arrived offers you access to shares of SEC-qualified investments in rental homes and vacation rentals, curated and vetted for their appreciation and income potential. Backed by world-class investors like Jeff Bezos, Arrived makes it easy to fit these properties into your investment portfolio regardless of your income level. Their flexible investment amounts and simplified process allows accredited and non-accredited investors to take advantage of this inflation-hedging asset class without any extra work on your part. Another option is First National Realty Partners (FNRP), which allows accredited investors to diversify their portfolio through grocery-anchored commercial properties without taking on the responsibilities of being a landlord. With a minimum investment of $50,000, investors can own a share of properties leased by national brands like Whole Foods, Kroger and Walmart, which provide essential goods to their communities. Thanks to Triple Net (NNN) leases, accredited investors are able to invest in these properties without worrying about tenant costs cutting into their potential returns. Simply answer a few questions — including how much you would like to invest — to start browsing their full list of available properties. Navigating today's financial landscape can feel overwhelming. With markets swinging wildly and expert opinions often clashing, it's difficult to know where to put your money. If you're finding it difficult to make sense of the noise, now could be the right time to get in touch with a financial advisor. is a free online service that helps you find a financial advisor who can help you create a plan to reach your financial goals. Just answer a few questions and their extensive online database will match you with a few vetted advisors based on your answers. You can view advisor profiles, read past client reviews, and schedule an initial consultation for free with no obligation to hire. Access to this $22.5 trillion asset class has traditionally been limited to elite investors — until now. Here's how to become the landlord of Walmart or Whole Foods without lifting a finger Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Are you rich enough to join the top 1%? Here's the net worth you need to rank among America's wealthiest — plus a few strategies to build that first-class portfolio This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
