Billionaire investor Ray Dalio said investors had priced in the outcome of a divided Congress in the midterm elections, but believes that politics is now playing a greater role in financial markets across the globe.
"We're in a world now where politics and choices made have a much bigger effect on the markets," Dalio said in a conversation on stage at the Web Summit tech conference in Lisbon, Portugal, on Wednesday.
Dalio, who founded the world's largest hedge fund Bridgewater Associates, said populism is a phenomenon not just in the U.S. but around the world. The question, Dalio said, is whether the next downturn will happen before the next presidential election in two years.
"I would be surprised if it was more than three years down the line and it could be one or two years," Dalio said.
Actionable trading levels delivered LIVE to YOUR charts
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
looking for your first broker or do you need of a new one? There are
more critical things to consider than you might have thought.
We were trading long before there were online brokers. Global-View
has been directly involved with the industry since its infancy. We've
seen everything and are up-to-data with recent regulatory changes.