"Virtually nobody is talking about the fact that we are in the early stages of a world war that isn't going to end anytime soon. Together, these conflicts make up a very classic world war that is analogous to past 'world wars.'"
"Looking across all these potential conflicts, the odds of at least one of them happening over the next five years appears to me to be greater than 50%."
"The fight for control over the Strait of Hormuz would have enormous repercussions around the world, including issues like Iran's military capabilities and the cost of gasoline."
Ray Dalio warns that the current global situation resembles the early stages of a world war, with conflicts in Ukraine, Gaza, and Iran. He highlights trade, technology, and geopolitical tensions as part of this broader conflict. Dalio compares today's climate to pre-World War I and II, suggesting a high likelihood of military escalations in various regions, including Ukraine and Taiwan. He cautions against the assumption that markets will return to normal after the Iran conflict, emphasizing the significant global implications of these ongoing tensions.
Read at www.businessinsider.com
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