FYI: When Donald Trump was elected president, Ray Dalio, the founder of the hedge fund Bridgewater Associates, was optimistic about the new administration’s economic agenda. Since then, his notes have turned increasingly pessimistic. He recently said his firm is reducing risk over worries that the U.S. is becoming politically more divided. Dalio recently compared today’s environment to the situation in the late 1930s:
Regards,
Ted
https://www.bloomberg.com/view/articles/2017-08-29/ray-dalio-s-forecast-of-doom-is-overblown
