Ray Dalio No Fan Of Trump Tariffs, Big Fan Of Profiting From Them

Those steel duties may be a whole lot of nothing, but the unPrincipled masses don’t seem to realize that.
Author:
Updated:
Original:

In the spirit of radical transparency, Ray Dalio would probably admit that he doesn’t have the first goddamned clue what our clown president is doing. He’s certainly more than a little mystified by Trump’s trade “policy,” and especially the tariffs seemingly designed to provoke the Chinese into a trade war. But Ray Dalio knows the Chinese, and he’s pretty sure they’re not as stupid or reckless or unmoored as Donald Trump, which is why he’s fairly confident in saying that the “actual impacts of the tariffs… will be very small.” That being said….

TrumpBreaksDalio

Cleveland-Cliffs Inc., the top U.S. iron-ore producer, is reaping the gains from U.S. President Donald Trump’s steel tariffs…. Bridgewater added 1.89 million shares to his holdings, the second-largest position increase in his portfolio of U.S. listed securities.

Ray Dalio Joins Hedge Funds Buying Cliffs After Trump Tariffs [Bloomberg]

Related

TrumpBreaksDalio

Ray Dalio Calls Bullsh!t On Trump's Poser Tariffs

The Wizard of The Westport Woods knows a lack of conviction when he sees it.

TrumpBreaksDalio

Radical Transparency Requires Ray Dalio To Say, For The First And Perhaps Only Time: ‘President Trump Is Right’

But at least he can have a good laugh about it and the impending collapse of society.

Dalio.Comey.Trump

You’ll Have Ray Dalio To Thank For President Trump

Jim Comey worked for Bridgewater, so maybe his decision-making isn't bizarre, maybe it's next level perfect.

Ray Dalio’s No. 2 Is Trying To Impeach Him

Things are more than a little awkward at Bridgewater Associates right now.

Getty Images

Sell Ray Dalio Your Gold, Get Free Copy Of Principles

This amazing offer only valid for the next four minutes and 38 seconds.

dalio-screenshot

May Ray Dalio’s Book Tour Never End

‘Principles’ is a gift that keeps on giving.

TrumpBreaksDalio

Ray Dalio Preparing For Gilded Post-Apocalypse

The marauding mutant motorcycle gang probably won’t take greenbacks in exchange for your life.