Dalio, take your medicine ....
Ray Dalio says he wouldn’t rule out China weaponizing its massive US Treasury holdings
Hedge fund titan Ray Dalio said he wouldn’t rule out China using its Treasury holdings to gain an upper hand against the U.S. in the trade war — a view that contrasts with many other observers. “We have a debtor-creditor relationship, not just a trade relationship. And (that) can be a dangerous thing,” Dalio, founder of the world’s largest hedge fund Bridgewater Associates, told CNBC’s “Managing Asia” in Singapore. When repeatedly pressed on whether Beijing could weaponize its ownership of U.S. Treasurys, Dalio responded: “I wouldn’t rule it out.” Analysts and investors have said that amid ... (full story)