\nMiliardarul Ray Dalio, fondatorul celui mai mare fond speculativ din lume, Bridgewater Associates, avertizeaz\u0103 c\u0103 Statele Unite sub Donald Trump alunec\u0103 periculos c\u0103tre un model politic \u015fi economic asem\u0103n\u0103tor anilor \u201930, dominat de autoritarism \u015fi interven\u0163ionism agresiv al statului, scrie Financial Times.<\/p>\n
\n\u00centr-un interviu acordat Financial Times, Dalio a spus c\u0103 pr\u0103pastia dintre boga\u0163i \u015fi s\u0103raci, polarizarea valorilor \u015fi pr\u0103bu\u015firea \u00eencrederii sociale \u00eemping America c\u0103tre politici \u201etot mai extreme\u201d.<\/p>\n
\n\u201eCeea ce vedem ast\u0103zi seam\u0103n\u0103 izbitor cu ceea ce s-a \u00eent\u00e2mplat \u00een lume \u00een perioada 1930\u20131940\u201d, a declarat el.<\/p>\n
\nUn exemplu periculos, spune Dalio, este decizia administra\u0163iei Trump de a cump\u0103ra o participa\u0163ie de 10% \u00een gigantul Intel, un semnal c\u0103 Washingtonul trece la un tip de conducere autoritar\u0103 care \u00ee\u015fi justific\u0103 interven\u0163iile prin dorin\u0163a de a controla situa\u0163ia financiar\u0103 \u015fi economic\u0103.<\/p>\n
\nAceasta este o critic\u0103 rar\u0103 venit\u0103 din partea unei figuri importante de pe Wall Street, unde mul\u0163i investitori prefer\u0103 s\u0103 r\u0103m\u00e2n\u0103 t\u0103cu\u0163i de team\u0103 s\u0103 nu devin\u0103 \u0163inta represaliilor preziden\u0163iale. \u201e\u00cen astfel de vremuri, majoritatea oamenilor aleg s\u0103 tac\u0103 pentru c\u0103 se tem de consecin\u0163e\u201d, spune Dalio.<\/p>\n
\nDalio a avertizat \u015fi asupra riscurilor pentru independen\u0163a Rezervei Federale, dup\u0103 ce Trump a for\u0163at demiterea unui guvernator \u015fi a nominalizat un aliat apropiat pentru a ocupa un loc-cheie \u00een conducere.<\/p>\n
\n\u201eO Rezerv\u0103 Federal\u0103 sl\u0103bit\u0103 politic \u015fi presat\u0103 s\u0103 men\u0163in\u0103 dob\u00e2nzile jos ar submina \u00eencrederea \u00een ap\u0103rarea valorii dolarului. Investitorii ar considera activele denominate \u00een dolari mai pu\u0163in atractive, ceea ce ar zdruncina ordinea monetar\u0103 global\u0103\u201d, a explicat Dalio, ad\u0103ug\u00e2nd c\u0103 deja investitorii interna\u0163ionali migreaz\u0103 din titlurile de trezorerie spre aur.<\/p>\n
\nVeteranul finan\u0163elor, autor al volumelor Principles for Dealing With the Changing World Order \u015fi How Countries Go Broke: the Big Cycle, a comparat economia SUA cu un organism ale c\u0103rui artere sunt blocate de datorii.<\/p>\n
\nDeficitele uria\u015fe, spune el, duc \u0163ara spre o criz\u0103 a datoriilor \u00een maxim urm\u0103torii trei ani. Washingtonul cheltuie\u015fte anual aproximativ 7 trilioane de dolari, dar \u00eencaseaz\u0103 doar 5 trilioane, un dezechilibru ce for\u0163eaz\u0103 emiterea de datorii masive exact \u00eentr-un moment \u00een care investitorii \u00eencep s\u0103 se \u00eentrebe dac\u0103 titlurile americane mai sunt un refugiu sigur.<\/p>\n
\n\u201eCererea pentru datorie nu va \u0163ine pasul cu oferta. Fed va fi pus\u0103 \u00een fa\u0163a unei alegeri imposibile: s\u0103 lase dob\u00e2nzile s\u0103 creasc\u0103 \u015fi s\u0103 ri\u015fte o criz\u0103 de default, sau s\u0103 tip\u0103reasc\u0103 bani pentru a cump\u0103ra datoria refuzat\u0103 de al\u0163ii. Ambele variante ar lovi direct \u00een valoarea dolarului\u201d, avertizeaz\u0103 Dalio.<\/p>\n
\nDalio nu l-a etichetat pe Trump nici socialist, nici autoritar, dar a descris mecanismul limpede: \u201eGuvernele preiau tot mai mult controlul asupra b\u0103ncilor centrale \u015fi companiilor.\u201d<\/p>\n
\nEl leag\u0103 aceste tendin\u0163e de teoria sa despre \u201emarele ciclu\u201d: c\u00e2nd inegalit\u0103\u0163ile \u015fi conflictele devin prea mari, democra\u0163iile se erodeaz\u0103, iar oamenii cer lideri puternici care s\u0103 \u201epun\u0103 ordine\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
Miliardarul Ray Dalio, fondatorul celui mai mare fond speculativ din lume, Bridgewater Associates, avertizeaz\u0103 c\u0103 Statele Unite sub Donald Trump alunec\u0103 periculos c\u0103tre un model politic \u015fi economic asem\u0103n\u0103tor anilor \u201930, dominat de autoritarism \u015fi interven\u0163ionism agresiv al statului, scrie Financial Times. \u00centr-un interviu acordat Financial Times, Dalio a spus c\u0103 pr\u0103pastia dintre boga\u0163i \u015fi […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[5828,15146,246,750,8644,12373,10595,13252,7633,220,547,80],"class_list":["post-239874","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-america","tag-avertizare","tag-crestere","tag-datorii","tag-financial-times","tag-frica","tag-incredere","tag-investitor","tag-investitori","tag-politica","tag-presedinte","tag-refuz"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/239874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239874"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/239874\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}