Ray Dalio, the founder of the world’s largest hedge fund, is warning clients that he’s grown increasingly worried that the Trump administration’s policies could damage global growth, news reports said Wednesday.
That marks a shift from November, when the billionaire investor who runs Bridgewater Associates wrote that his “very preliminary” assessment was that the developments on the economic front following Donald Trump’s presidential election victory were “broadly positive.”
In a Tuesday note to clients, Dalio and his co-chief investment officer, Bob Prince, cautioned that the downside effects of Trump’s policies could outweigh the benefits, according to news reports.
“We are now in a period of time when how this balance tilts will be more important to the economy, markets and our well-beings than normally dominant divers such as central bank policies,” they said, according to Reuters.
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