Ray Dalio Warns We May Be On A Path To "Dictatorships And Wars"

Zero Hedge

Ray Dalio's fatalism took another quantum step higher this afternoon.

Having made his displeasure with Trump - of whom he initially spoke quite fondly when he predicted it would be "glorious to be rich" - clear, the founder of Bridgewater (for whom James Comey worked before joining the FBI) has repeatedly hinted that the market, one of Trump's preferred indicators of "policy success", will not only crash but the ensuing downturn would have grave and profound social consequences.

First, one month ago in "Ray Dalio Goes Dr. Doom: "When The Next Downturn Comes, It’s Going To Be Bad", Dalio lamented that "we fear that whatever the magnitude of the downturn that eventually comes, whenever it eventually comes, it will likely produce much greater social and political conflict than currently exists."

Cont....