Ray Dalio: beware a dollar slump

Ray Dalio, founder of Bridgewater Associates, the world’s biggest hedge fund, has warned the dollar could lose almost a third of its value.

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(Image credit: malerapaso)

Ray Dalio (pictured), founder of Bridgewater Associates, the world's biggest hedge fund, has warned the dollar could lose almost a third of its value in the relatively near future. He reckons the US currency could face a "crisis" two years from now, as the gap between government spending and tax receipts expands sharply in the wake of US president Donald Trump's tax cuts.

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