Ray Dalio on U.S. - China Trade Tensions, Markets

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Күн бұрын

Ray Dalio, hedge fund giant Bridgewater Associates, joins 'Squawk Box' to discuss markets, interest rates, the debt market and U.S.-China trade tensions.
The dispute between the U.S. and China over trade deficits and surpluses is rather trivial compared to the broader philosophical differences between the world's two biggest economic superpowers, Bridgewater Associates founder Ray Dalio told CNBC on Thursday.
"The trade war, I think, can be worked out," the billionaire investor Dalio said in a "Squawk Box" interview on CNBC. But he argued the conflict goes "way beyond the trade war."
Dalio, co-CIO and co-chairman at Bridgewater, said the two nations' polar opposite methods of governing is the broader, more difficult issue to reconcile. "It goes back to Confucius in 500 B.C.," he said.
"It's basically a top-down versus a bottom-up type of approach," said Dalio, whose China unit of Bridgewater last month launched its first onshore Chinese investment fund.
"When you look at the 2025 plan in China, the government believes that they should have a plan for making China great" and will coordinate all aspects of public and private enterprise to achieve their goals, he said. "That type of activity is objectionable to the United States" in its free market economy.
The China 2025 plan is a state-backed industrial policy that's provoked alarm in the West, and is core to Washington's complaints about Beijing's technological ambitions.
Dalio appeared on CNBC from the Greenwich Economic Forum in Connecticut where he later spoke to the elite gathering of investment thought leaders.
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Ray Dalio on U.S. - China Trade Tensions, Markets

Пікірлер: 107

@Robert-dt3is 5 жыл бұрын

I think the anchors finally heeded the advice of youtube comments and actually let this brilliant man speak without being interrupted.

@Julian-cm9bo 5 жыл бұрын

Yes, less interruption.

@Dpaq13 5 жыл бұрын

Because he was remote 😂

@Lululemon2023 5 жыл бұрын

The old guy is a patrol, ready to cut people off if they doesn’t toe the line.

@awakening333 4 жыл бұрын

Yes, I noticed. So different from his interview with Kevin Rudd for instance.

@drewconway7135 5 жыл бұрын

The man is obviously freezing--nobody could get him an overcoat or something? I mean, I can see his breath!

@Robert-dt3is 5 жыл бұрын

Drew Conway lol right??

@metricmoo 5 жыл бұрын

haha. yeah, he's shivering. i was thinking he had some health issue.

@s44504620 5 жыл бұрын

Pray for him

@jacknyhan4572 5 жыл бұрын

Might be an essential tremor.. could be on his way out, short the stock.

@Specialcot77 5 жыл бұрын

CT Cold especially by the shore

@cupair 5 жыл бұрын

Let. Him. Speak.

@beaviswealth 5 жыл бұрын

Dalio one of the all time greats

@meirfrankel5863 5 жыл бұрын

Ray dalio is one of the smartest people of our generation great guy wish I could work with bridgwater

@greigsanderson 4 жыл бұрын

When Ray says jump, You say " How high Ray " Absolute legend of a man.

@paulsharkey6576 4 жыл бұрын

Wrong....Do not listen to predictions. There is not one person on the planet that can predict events into the future.

@lokyinphotography 5 жыл бұрын

I love Ray, learn sth new every time hear him speak

@petekdemircioglu 2 жыл бұрын

Yes. Never bores. Always learns and develops and tries to share it all with the world.

@seanlynch8869 5 жыл бұрын

Love these videos. Thanks guys

@koonerd321 5 жыл бұрын

Can you just tell me which stocks to buy?

@jorgeponce5512 5 жыл бұрын

Will GE be bailed out by the Fed, either during QE4 or before with an emergency lending facility ?

@Julian-cm9bo 5 жыл бұрын

Don't interrupt, Andrew. I am not able to catch what Ray Dalio tried to say at 5:18.

@AsH-fm7ko 4 жыл бұрын

Liked this guy's catch. Heading to the last day.

@SeppsX 5 жыл бұрын

Raising interest rates isn't just about having more to cut when you need monetary easing. Lowered interest rates artificially inflate the economy, but that 'growth' has no foundation from that economy. Inflation should match actual economic growth as best as possible in a healthy economy. Over the past decade, we've seen substantial real growth in the US economy, but the Fed has over cautiously kept rates down. That can be dangerous. Of course for a hedgefund manager, artificial growth is growth regardless of the substance behind it because they get money. Probably not the best person to take advice from on what the Fed's policy should be, considering that policy directly impacts his books.

@otomackena7610 5 жыл бұрын

Sepps I don't think you know Ray . He is not that kind he is a different kind of investor very knowledgeable and a realist .He cannot be grouped with other fund managers.He already made it clear that he is not aggressive in this markets because he got reason .If you want to know what kind off guy he is checkout his books and youtube channel you will get what i mean.

@SeppsX 5 жыл бұрын

@@otomackena7610 you're right, I don't know him. I'll check him out

@ayy2193 5 жыл бұрын

If you were to hedge against a crashing USD, and it had to be a different (non-crypto) currency, which would you pick?

@otomackena7610 5 жыл бұрын

@@ayy2193 I would choose Japnese Yen

@ayy2193 5 жыл бұрын

@@otomackena7610 Interesting, why Japanese yen?

@yngvesoegnen1051 5 жыл бұрын

The big question is whether the Fed can simply stop raising soon and everything will be hunky-dory. If I understood correctly, the answer RD gave himself is no, because so many USTs will have to be sold to foreigners that they'll demand a higher yield. The bill will be very steep and a huge drag on the US economy.

@tjsokkerplayer 5 жыл бұрын

The Fed doesn't seem too concerned with what many talking heads are saying about the rate hikes, and nor should they be. From what I've listened in on, it sounds to me they don't even consider the recent corrections to be much of anything more than a blip on the radar when looking at the bigger picture. I'm not counting on any sort of rally, and like Dalio, it may be best to take the Fed at their word, until a change in language is made and stay bearish.

@kingcesar4272 5 жыл бұрын

Ray Dalio is the man = buying opportunity

@kevinreyes482 5 жыл бұрын

WELCOME TO GRENNICH CONNECTICUT

@Robert-dt3is 5 жыл бұрын

CommanderAJ 2814 is awesome.

@wanderingquestions7501 5 жыл бұрын

Huh.... wonder what happens if China or Europe don’t feel like buying US bonds?

@sabriritonga8734 5 жыл бұрын

let see who will be the winner of this running show Between china and US

@wonderfulmockingbird4660 5 жыл бұрын

the hard part is to explain to other nations the logic of US side.

@hayashileo1159 5 жыл бұрын

He was invited and dont let him speak, what the heck?

@ericrivera135 4 жыл бұрын

Ray Dalio looks like Two-Face in the Thumbnail

@chickeninasal4381 5 жыл бұрын

The fed will artificially prop up the bond market and be buyer of last resort. How does ray dalio think of capitalism now?

@evazheng2046 5 жыл бұрын

Wise man. Why can't he be president?

@SpeakChinglish 4 жыл бұрын

He can't lie as well

@tropicalsanyacity4984 5 жыл бұрын

I think the U.S. used to be our best customer. They consume a lot and request less, except threatening us China once in a while.

@iFreeThink 2 жыл бұрын

"Even though they cook, they have an EE Masters."

@bhupenderpal6797 5 жыл бұрын

Bharat Mata ki....jai

@deanbombaderi1137 5 жыл бұрын

moar debt!

@absoluttchamp 5 жыл бұрын

Ray the ETF genius lol

@pamelahomeyer748 5 жыл бұрын

Corporate welfare has to stop. If you cannot pay your people of decent ways you should not be in business. Your product must not be viable. I'm sick of threats of people moving from state-to-state because they can get some tax break. There's a full lack of responsibility in the corporate world in America today.

@georgethomas1148 4 жыл бұрын

When government hits corporation with taxes like 60% they move to other states its a logical move to do to sustain the business

@nohopeequalsnofear3242 5 жыл бұрын

Your average joe is more ensightful than cnbc

@xxxencryptacion 5 жыл бұрын

What is dude saying YO

@petekdemircioglu 2 жыл бұрын

🔥🔥🔥

@HTeo-og1lg 5 жыл бұрын

What about Boeing? Isn't it very dangerous? Every country should be banning Boeing if what this man is saying makes any sense.

@iFreeThink 2 жыл бұрын

Really cool. Associated with "Arabic" "Engineering."

@fahedal-ajmi4015 5 жыл бұрын

He says taxes shouldn't be cut, but will base his business where he pays no taxes, hypocrisy at the highest level.

@davidpart1496 5 жыл бұрын

Listen to Dalio. We are going into a huge downturn.

@nofurtherwest3474 5 жыл бұрын

Bridgewater has performed like crap. take dalio w/ a grain of salt

@camerynworden4401 5 жыл бұрын

@Eli Ozaeta bridgewater averages 12% a year

@camerynworden4401 5 жыл бұрын

@no further west

@camerynworden4401 5 жыл бұрын

Eli Ozaeta making 12 percent a year on 160 billion isn’t breaking even

@camerynworden4401 5 жыл бұрын

Eli Ozaeta you realize you’re just a hater

@iFreeThink 3 жыл бұрын

I am supposed to be learning from Hispanics on anything I'm interested in. Because they really are into 1984.

@jentorninos.ballen9269 10 ай бұрын

Kaylan ninyo siairain buhay ko

@georgiaa213 4 жыл бұрын

Every one knows there is a problem, no one has the kahoonas to do something so we shall sleep walk into the next economic disaster that the young middle class will have to fight for as the oldies have too much to lose and the poor and too drugged

@petekdemircioglu 2 жыл бұрын

💚💜💚💜💚

@iFreeThink 2 жыл бұрын

Google people need to get out anyway.

@Reaper1947 5 жыл бұрын

ZERP gave us all these inflated asset prices, this guy thinks the FED should adjust interest rates to maintain inflated asset prices? This just shows how screwed up this country really is, Wall Street actually believes the FED should just keep the printing presses on 24/7 to satisfy their casino. WTF TheReaper!

@Myronkuan 5 жыл бұрын

joeblackakareaper assets conclude household prices btw. So you want the fed to raise rates so fast that everyone becomes broke?

@Reaper1947 5 жыл бұрын

@@Myronkuan Actually YES and the sooner the better. The FED is 100% responsible for this bubble, for whatever reason (INSANITY??) they keep creating bubbles to cure the last bubble they created. The conditions are actually worse now than they were after the last bubble. Sooner or later the the price will have to be paid. there is no such thing as a free lunch. TheReaper!

@Myronkuan 5 жыл бұрын

joeblackakareaper The thing that causes every bubbles is human nature, not the fed. That doesn’t mean that the Fed is perfect on every moves, but that you can’t avoid cycles. The responsibility is on us as human beings, not the Fed. When you are homeless just because the Fed listens to some idiotic opinions and raises rates crazily, you would realise how stupid your comment was.

@Reaper1947 5 жыл бұрын

@@Myronkuan You are wrong AGAIN, the FED ALLOWS IT WITH ZIRP! If you are homeless it's your fault for making poor decisions somewhere along the line. I worked 2 jobs for 14 years to get ahead. I paid cash for everything even my home. Homes / real estate and stocks are more overvalued than any time in history, and this bubble will eventually break and when it does a lot of people are going to get killed financially. THAT'S A FACT JACK TheReaper!

@Myronkuan 5 жыл бұрын

joeblackakareaper You clearly have no idea how bubbles work and why it is inevitable. Until you do some research on that, there is no point in discussing with you.

@iFreeThink 2 жыл бұрын

National Hieroglyphic

@tomchoo3799 5 жыл бұрын

China CCP distored confucius concept after wwwII. Current China education materia has zero confucius content. Taiwan and Singapore chinese culture are more closes to confucius concept.

@iFreeThink 3 жыл бұрын

Lol, I am not into being the first, Hispanic engineer or something.

@CTOInformation 5 жыл бұрын

why in American culture, even if you don't know anything you still have to confidently act like you know everything and keep talking non-sense？？？.......LOL all American anchor is like that.

@alib4184 5 жыл бұрын

All of them are long S&P 500 until trump is out of the office

@georgethomas1148 4 жыл бұрын

Obvious move to do when we have a business friendly president

@robertron6503 5 жыл бұрын

I'm so glad Trump's standing up for America, we're always taking it with no lube and everyone is sick of it. Bring jobs and money home and make America great again