The man is Ray Dalio.
The web summit was via the photo above.
The US economy must contend with a shaky political foundation according to Ray Dalio.
"It is possible that neither side will accept losing the election in 2024," he said.
Such a crisis would hurt productivity and capital flows.
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The US economy is at risk due to the growing divides in the political landscape, according to billionaire investor Ray Dalio.
In a Tuesday post, the founder of the world's largest hedge fund warned investors that the Republican and Democratic parties are more right-leaning and left-leaning, respectively, than at any time since 1900. The gap between them is huge.
A constitutional crisis could rock the US economy if there is a great internal conflict between the two sides. The risk of investing in the US is increased by this.
He said that it is possible that neither side will accept losing the election. "Political conflicts hurt productivity and make the environment inhospitable, which hurts capital flows."
Despite human rights concerns and an authoritarian political system, the Dalai Lama has talked about investing in China.
In his post Tuesday, titled "The Changing World Order: The New Paradigm," he warned about the recent explosion in debt and money supply in the US.
In countries with healthy finances and well-educated and civil populations that have internal order, investors should invest in stocks and inflation-hedge assets.
Business Insider has an original article.
