Ray Dalio on China's Economy, Future of Bridgewater
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- Опубликовано: 9 сен 2024
- Ray Dalio, Bridgewater Associates founder and CIO mentor, calls China's leaders "reasonable people" and discusses the future of Bridgewater with David Westin at the Greenwich Economic Forum.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@christianalawal3695 That's actually quite impressive..
@@StephanieRebecca-0 My advisor is Victoria Carmen Santaella;
You can look her up online
@@christianalawal3695 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong . i once had similar problem but now its a different ball game for me because I was lucky to have met *katrina vanrensum*
I just added $240,000 to my portfolio
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach katrina vanrensum ?
Search her name on the web you will see all you need to know about her.
Ray was too high on China for a while and was blinded by the baijiu. Hope they do well in the long run but short term they have a lot of issues!
Yes Ray Dalio assessment on China was wrong. Maybe I should retired permanently !
Baijiu (meaning 'white liquor') is China's national drink, dating back thousands of years. During the Yuan Dynasty in the 13th century, it was drunk only by royalty and high society during celebratory events. Today it is drunk throughout China. 0:50
Source: Club Oenologique
Dear Dalio, cash was King! 👑
Lol
@@avarmauk what do you say ?
Sounds like Ray is under the CCP's thumb.
Says the guy under CIA thumb
@@xfactor6099 五毛(Wu Mao) has entered the chat 🤣😂🤣😂
Let me rattle off the uncertainties... I'm now in the doom shed...
same as you .miserable life
Anyone who looks at China’s demographic picture can first hand see that it’s in a terminal decline. Add the de-globalisation underway and relative labour costs of other emerging markets no amount of reforms would seem to offset this decline.
Yet PanDalio is still telling you China's future is bright. lol.
Demographic is not just a China problem. It is a worldwide problem. It is even worse in Japan, South Korea, Taiwan. Dalio is right. In China, kids take care of parents so there is more incentive to have more kids. China needs to keep cost low.
Sounds like you’re coping. China is the top economy in the world . Keep smoking the copium
Dalio is China's useful idiot running interference for XI he always seem to dismiss structural economic failure in real-time. They are holding on till the CCP meeting and then the shit is going to hit the fan?
But you still pay 8% inflation and higher cost of living. while credit has been at ease in China. Am sure you will own nothing but pride / delusion seems inflation proof drug lolol
Listen to him talk: he just raised 5-6 almost insurmountable problems that China has, the most irreversible of which are demographics, debt, and environmental degradation, but then the conclusion is long term still looks good because “I know the people.” That’s not an argument. He just nullified all the data points he just raised based on a “hunch.” This guy knows absolutely nothing. All he knows is he has money in China so he has to talk them up. This guy is a booster, not an analyst
Exactly 😂. Ray is a complete fool
Prayers
I am just wondering how deep Bridgewater is in China. Looks pretty deep. If China implodes, how much Bridgewater has to write off on its balance sheet?
If I remember correctly the first sovereign fund that China had let a foreign fund manage was managed by Bridgewater. It was also probably the first foreign fund manager to operate in China. He had said something about talking of economics with the CCP rulers and advising them and all. And that was almost two or three decades ago probably around the early 2000s when China was pretty opaque and shut off from the free market dynamics. He basically had no competition for almost more than a decade. Since then he has been doubling down on China. He has very close connections to CCP officials. Like personal connections who take him out to lunch and all. He mentions some details in his book principles. He has been preaching China's emergence and downfall of the USA ever since. Apparently even while he was advising the federal reserve during the 2008 crisis. He is in very deep in Chinese markets and the whole culture thing.
I used to like Dalio, but for God sake Shut up about China. He is like that crypto bro except his crypto is China.
For all his preaching about diversification I don't think he has diversified enough on a country basis.
@@krantimanraghunayak4147 I read his books, too, and that is why I am concerned Bridgewater is too deep in China. If China implodes, Bridgewater may be another Lehman and drag everybody down.
In the Chinese culture, it is well-known concepts that 盛极而衰 (prosperity to the most then decline), and 否极泰来 (decline to the most then rise). It's amazing to see your detailed explanations with data, charts and animations. I hope there will be no war in the crossing of curves of the US and China.
China has been on the top since 5000 years ago, just decline since the British Invasion in 1840 then all western countries and Japan joined in and rubbed, take a look at British Museum even a lot of American family houses today
It is quiet shady that Dalio would oversee and edit the economic newsletter IF they contain anything about China editing it to put China in a good light...
He's smart, but he avoids the reality of dictatorships.
Human rights abuses?, but I can make a buck!?!
@@thomasherrin6798 🤷♂️🤷♂️
100%. I'd pretty much say he's sucking up to China.
There's no reason to go to Nuclear War against China or any other country just because they're a Dictatorship. It's an internal matter. We need to Reform our government first to prevent our Political leaders from running up a $31 trillion dollar National Debt.
American invaded Iraq without permission of UN and killed one million innocent Iraq people. that's the biggest dictator in the world
I think these big personality, big shot boss type of people start confusing their status in their company with their status as a consumer and analyst of information in the world. Stay in your own lane and focus on making money, not on making grand predictions. Everyone is free to say what they want, but I don't think continuing to try and spin China as a great investment opportunity is a good use of your attained status and influence in the world.
Where one stands depends on where one sits.
Confucius?
We are completely screwed
I'm far more of a skeptic when it comes to anything China. Countries can take 1 maybe 2 problems on and still come out ahead, every single sector in China bar none, and I mean, none, is failing out right. The company I work for, we're pulling out of the manufacturing sector there, still employ some engineers, but we're pulling out and buying several other companies in the Americas. The scuttlebutt around many folks is that companies and investors are tired of being talked down to and having their IP stolen as a matter of 'Law' in China. China will survive but it won't be anything close to what it was in the past. Not one single trend is in there favor now.
Thank you for some intelligent commentary. Ray is living in la la land on this one.
Thats my take in it. It won’t collapse in the manner Zeihan predicts (I do highly follow him though but like every predictor take it with a grain of salt) but I think the CCPs dream of overtaking the US is going to land up as a pipe dream more than anything else. And thats not to say we don’t have our share of problems. But I think our problems are watered down compared to the ones they have. They will probably like Japan hit a period of economic stagnation while the rest of the developed world and India continues to grow. Part of me feels like this is what the Covid lockdowns over there is about. Controlling the people before the house of cards starts to topple.
@@juanzingarello4005 I agree with you about zeihan don’t agree about the reset of the developed world tho will continue to grow a lot of countries in Europe will stagnate as well while I think North America, India, Southeast Asia, and some places in South America will keep growing. Maybe zeihan’s right and we are just crazy to think china isn’t going to implode in the next decade.
@@juanzingarello4005 Yes, I do follow PZ as well, and I don't always agree with him, however, taken from a high level view, his data and assertions are mostly correct, and even when wrong he does admit it. Is China gone/dead, no, absolutely not, but they will never be the powerhouse they once were, at least in our liftetimes.
@@agtsmith87 Manufacturer evacuations are a very small fraction, if you look at the overall numbers, because the number of manufacturers evacuating from the pandemic is in the single digits. Let me give you a simple example, like Apple's withdrawal from China to India. It may seem serious, but if you look carefully, all the components are still made in China. The reasons are simple. First, China has a complete manufacturing chain and a huge market, as well as intelligent industrial technology. This is something that other countries don't have, it's not a matter of cheap workers. Workers in China are paid 6 times as much as in India, yet all components are manufactured in China. India, Vietnam and so on are just assembly. Second, the withdrawal of manufacturers has a displacement effect. Because China's local products have been quite competitive, such as cars, mobile phones, computers, electronic products, materials, high-tech and so on. It is natural that some foreign companies will withdraw. South Korea's Samsung completely pulled out of the Chinese market because its presence in China was too low and it was beaten by domestic Chinese companies. This doesn't exist in other countries because China has its own brands in every industry. If you look at the international market, take electric cars and mobile phones. Europe, Africa, South America. The proportion of Chinese brands far exceeds that of the United States. With China's huge domestic market as a support, foreign companies can barely compete with China in all but a few industries. So what you call withdrawal is a very normal and natural phenomenon. These include the pandemic, declining competitiveness, and China's industrial transformation. But that doesn't mean China has a serious problem. You didn't parse out the details of the problem.
Why are we talking about China.. we should talk about our problem here in the U.S.
US compared to the rest of the world powers is positioned pretty well. Everywhere else is pretty much fkcked, China is failing, Japan is no much better, EU is finished, where would you rather be for the next ten years if not the States？
Its pretty straightforward, ee printed too much money then double digit inflation, now the Fed is hiking interest rates.
Ray Dalio's marketing book for Bridgwater, 'changing world order' hasn't aged well.
you're putting your short term view on cycles that takes 100 years to play out. America has been leading for roughly 100 years. lets see what happens in the next 10 years when they lose their global reserve currency.
@@YokNg have you read his book?
@@Robc2007 watched the 43 min RUclips presentation
@@YokNg ok I would suggest to read the book, unfortunately, there are many inconsistencies and conflict of interests.
@@YokNg and for what? yuan reminbi hahahah give me a break and i said this as latinamerican , sometimes i consider the magnitud of ignorance in lots of americans they dont deserve what they have but let me break the news to you xi jinping anthics against the free world destroyed everything china had going for them i used to admire china now i just hope for the collapse of the ccp . until china gets rid of xi i dont see anyone following the reminbi their goverment has become to fascist to keep ignoring it china is not gonna be the number one . no freeworld country really trust the chinnese ccp .. i hope they can get rid of xi until then i dont see other way china can be the number one ... saludos uno por ciento .
Come on the people in the comment section, you are not smarter than Ray Dalio. If you are just looking at China's problems now and count China's future out you are extremely silly. China is all about sustainability in the long term. This country has the ability to correct problems quickly and the whole country continues to improve on a daily basis, although at a slower pace, regardless of an economy downturn. People in China have great endurance and will put money in savings in expectation of an economy slowdown. The people are VERY decent and reasonable people, even so with the younger generation. The same cannot be said for US. Look at cities like SF, NY, etc which is in a downward spiral. This is happening at a time even when the US can keep borrowing an unlimited amount of money and hand them out to people. What if the US suffers an economy slowdown in the same magnitude as China's? What if US currency becomes less of a reserve currency of the world? Can you say it will not happen in 50, 100, 200 years? US in the current form is NOT sustainable, but China's system is way more sustainable even under the CCP. US is living rich now while China seems to be living much poorer as people are not willing to spend, but I can easily see China coming out way on top in the many generations to come. Western media does not understand China.
He just rattled down generic stuff. Very little insight into China and Chinese politics. Sounds he was caught completely off-guard with a question about China. Man, Western economic leadership/rich people are so painfully ignorant. All the work is done by real workers. This is just one of the reasons China will win (and I bet most people in the West can't follow what I just said lol).
Imagine what this guy’s fortune cookie says 🙄😂
HAHAHAHHAAHHAHHA
China’s leaders are reasonable people, exclaimed by Ray! Really? This statement alone shows the real character of Ray!
Have you ever talked to a chinese leader?
@@SawChaser No, thanks, but have you?
@@my_pronoun_is_your_excellency i don't make unqualified comments about Ray
Crazy how while he was the Bridgewater CEO, he praised China and hailed then as the next superpower. Now as soon as he steps down, he finally criticizes China.
where's the criticism in this video?
King of waffle
Can I get some whipped cream on that? 😁
assignments quizzes and exams every week two quizzes tomorrow. skills quiz a and skills quiz b. and an environmental assignment every week.
With a larger and richer consumer group, China's market has expanded its charm to global companies, as they have boosted their presence to meet Chinese consumers' evolving demand over the past decade.
China is now the world's second-largest consumer market, boasting a middle-income group of over 400 million people. Retail sales of consumer goods were 44.1 trillion yuan (about 6.97 trillion U.S. dollars) in 2021, seeing an increase of 1.1 times, compared with 2012. 1:50
Source: Xinhua News
Good night sweetheart 😂
Why isn't "long-term future bright" labeled in the headline? Why only the negative?
Ray Dalio is the biggest fan boy of ccp!
He sounds very incoherent.
The whole thing sums up like "i was very bullish on Xi, i mess up, but with time it might be not that bad with china.
Hi dear Ray Dalio thanks for your time and effort in this video and thanks for your knowledge and information 😊
Forget about what he says. Lets see where his money ends up at 😊
Does he say "there's gonna be a change in leadership" or "there's isn't gonna be a change" ???
His acting is better than Boris Johnson
It is not surprising that Western countries will use a magnifying glass to magnify any problems that arise in China. Talk of China collapsing started 30 years ago. But never talk about the areas where China has advanced, such as technology, trade, economic strength. If you want to talk about data, we can take these terms as examples. The latest technology innovation survey report by aspi Australia shows that China leads in 34 out of 41 future technology innovation areas, while the United States only leads in 7. And among the 34 items in China, more than 20 items are highly monopolized. The United States has only two. Second, on trade, China is the largest trading partner of Europe, Southeast Asia and South America. Far ahead of the United States. Even though the trade war started in 2018, trade between China and the United States will continue to increase until 2023. So the US is also completely losing out to China in trade. The third economic power, the simplest data is parity purchasing power. Purchasing power is the true reflection of a country's economic strength, rather than the total GDP. China has the highest middle income and the highest parity purchasing power in the world. This will directly affect the economic and technological strength. So many people magnify China's internal problems while completely ignoring the important part. The point is to look at the development of bad China. But this is clearly not the case.
It sounds like first step before final admission of being wrong. And the forecàst concerning the leadership change was erroneous as well.
Is cash still rubbish?
Is he still pushing Chinese stocks ?
There’s a reason why he’s going away .
Going away how, where
Better to just put your money on a roulette table
one mile 90 minutes 40 minutes a card and a key. to get aback and forth to school every tuesday and thursday.
Did he just predict a change in leadership in China? I think that’s very hopeful of him but I guess we’ll see in a few days.
Enough to be able to say he had predicted it; but, so carefully worded as to also be able to say the opposite. Weasle.
I wonder if this has to do with the rumor of xi getting ousted???
@@J3-2344 Xi will not be ousted. The biggest upsets for him that I think are possible but still unlikely are things like not getting the title of “The People’s Leader” or not having ally Li Qiang in the Standing Committee.
Plot Twist: There was no change in Chinese leadership lol
R.I.P
In short, it is the de facto default.
Let's see the reasonable people, they have lost alot of their reputation in the international arena. Not trusted.
In your space, yes!
Apparently, Dalio only knows Haidian.
He should visit our lovely West Third Ring Road-land of streetside chicken coops and feces-filled stairwells.
@@ed1003 what space ??? lots of countries are opening the eyes about china ,,, xi jinping is the worst that happen to china .
The greatest leader. Salute!
What is reasonable people 😂
Definitely not in US.
those who praise communist party take part of private company management.
A.G.I WILL BE MAN'S LAST INVENTION
Looks like Ray was wrong - looking at the markets
Ray ray, wealth and income disparity and how it is insane
Looks like Dalio might be in denial or hope for the best.
That's what happens when you retire. You just don't care anymore. People who are following this know Ray is out to lunch.
@@on2thenextthing Nah he really believes the stuff. He has deep connections in China. Up to the top leadership and advises them sometimes. Has personal friendships with some top brass. He is smitten by China for some reason.
Dude even forced his son to spend two years of his school years in China studying there while not even knowing Mandarin.
He’s in total denial bc he has staked everything in China. The ego and greed this man has
What a creep now he’s getting out 😂
really bad interview, Dalio sounds like he he is totally confused and insecure.
He can see what they've done
thank you grandpa very Correctly said so intelligent, A real Mentor he is 🥰
China Dalio :-)
Wew maybe you are making me your vessel....
clueless
Ray is GOAT
Top China shill, Ray
It is a time that Reasonable leaders vs crazy leaders !
Anyone still under the opinion that grammar doesn't matter? Behold.
Just like sleepy Joe or crazy Polusi? Or madness Trump?
@@pengzhang5594 At least sleepy Joe and Trump have much less power than Xi.
Sorry ray, but reasonable people don't kill 15 million people and blame it on someone else. You're out to lunch on this one.
Indeed, that is why the neither previous or current US president is reasonable. Yet, the US is still blaming China and covering up COVID leak from Fort Detrick!
You mean USA who had military bases around the world.
@@mgs5241 whataboutism at its finest, im not american im from LATAM but let me tell you something lots of freeworld countries like the one i live we are opening our eyes about chinas terrible human track record, stolen ip , their one child policy , their terrible ecology management , etc etc etc. until xi gets ousted i dont see china moving to be the number one super power and we all know that guy wont do that .
He may be brilliant financially , but he is part of the problem sadly .
@@mgs5241 this is true but two wrongs don’t make a right .
He sounds like GOD , like everyone else is *not OK* , i am the only one who is *OK*
Sounds like whyte folks created this world, and they have a right to tell us who is right, who is not !
Catching mice 🐁
They who says cash is trash. Really. He is t….
Respect 🫡
👍👍👍😁👌👌👌👏👏👏✌️
he knows everything
No understanding.
😁😁😁
so easy fix for 4th problem. be like American, stop taking care elderly people.
They don’t take care of the elderly . Be careful you will be there one day .
Pay by the CCP
I hope Ray enters politics
Dalio is a legend, I have several videos on my channel about his philosophies and thoughts!
And did you independently critique his positions at any time whilst you had a big Dalio hard on?
After touting China's 'inevitable rise' only 12 months ago and stating China would be the number one global economy now Dalio's previously sanguine posture on China begins to turn more logical and realistic. Dalio's idiotic practice of drawing horizontal growth trajectories to the sky and then hypothesizing when China will overtake the USA in economic size appears to be over. I do wonder if those China doves who touted investing in China should be held responsible for their poor financial advice?
Not only have Chinese markets (Heng Sang/ Shanghai Composite) performed poorly over the last five years as compared to there US S&P500 counterpart the recent currency risk of converting USD to Yuan to invest in China would mean an individual's Chinese investment losses would be compounded.
Dalio's philosophies that you have been blindly touting have not really performed all that well for those poor investors who bet big on China and are now stuck with not only market risk but also currency risk.
Dalit is part of the problem.
xi is stepping down?
His wish 😀
Cheers from west Africa
🦅
There is gonna be a change in leadership 0:32
No. Dictators never ever relinquish power without a gun to their head. It’s well known that Xi will be changing some of his top inner circle. Ray has no inside knowledge. Ray has been very lucky, but lacks the humility to acknowledge his good fortune and pretends to know more than he does.
There was a rumor he got thrown in jail about 2 weeks ago I wonder if it’s actually true 😳😳😳
Getting rid of Jack Ma was their 1st major mistake....He should start a New business/slogan: Screw it up yourself or Call Jack Ma
Great Data, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾🙏🏾🙏🏾🙏🏾👑💯🤔❤️Ray.
No one care
Then why us president talk about china very often in everywhere?
I love China!
@@user-lw1lf8oy9p CCP is a cancer to our humanity
assignments quizzes and exams every week two quizzes tommorow. skills quiz a and skills quiz b. and an environmental assignment every week.