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Ray Dalio: "We are in the early stages of a world war that isn't going to end anytime soon" He pointed to conflicts in Ukraine, Gaza,.
Ray Dalio warns the world is in the early stages of a new world war.
KEY POINTS
- Dalio estimates over a 50% chance of major new conflicts within five years.
- He argues markets are wrongly assuming normalcy will return after the Iran conflict.
- Dalio says the global order is shifting from US-led rules to a 'might-is-right' system.
- He cautions the US is overextended and less resilient than it appears.
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