Bloomberg/Staff/11-15-2022
“’The possibility of war is leading Chinese leadership to prioritize self-sufficiency over cost-efficiency, which is also happening in the United States, which is not good for real growth,’ the founder of Bridgewater Associates wrote in an article published on LinkedIn Wednesday, citing the two countries are already at ‘war’ on trade, technology, geopolitical influence and the economy.”
USAGOLD note: One would think that the US inflation rate will be directly affected if the situation develops as Dalio warns. For decades, cheap goods from China have kept the inflation rate down.
