Ray Dalio Warns of Deeper Troubles for US Dollar and Economy
Billionaire investor RAY Dalio has issued a stark warning about the US dollar and the broader American economy, suggesting the situation is more dire than Moody’s recent credit rating downgrade implies. The ratings agency cut the US from AAA to Aa1, citing fiscal deficits and political gridlock stemming from trade wars and tariffs.
Dalio emphasized that the repercussions will extend globally, particularly affecting nations holding substantial US dollar reserves. Meanwhile, JP Morgan analysts suggest European equities may now outperform US assets as market confidence wavers.