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Dalio Warns Trump Could Spark Global Financial Crisis

1/20/2026

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Summary

Story summary

Ray Dalio, billionaire investor, warned that U.S. President Donald Trump's actions could trigger a new global financial conflict.
At the World Economic Forum in Davos, Switzerland, he said foreign governments may rethink investments in U.S. assets.
Dalio noted that a decline in trust could reduce countries' willingness to finance U.S. deficits.
Treasury prices fell as tariff threats rose while Dalio urged diversification and gold as a hedge at $4,689.39.

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Story summary

Ray Dalio, billionaire investor, warned that U.S. President Donald Trump's actions could trigger a new global financial conflict.
At the World Economic Forum in Davos, Switzerland, he said foreign governments may rethink investments in U.S. assets.
Dalio noted that a decline in trust could reduce countries' willingness to finance U.S. deficits.
Treasury prices fell as tariff threats rose while Dalio urged diversification and gold as a hedge at $4,689.39.