Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licens✧✧✧@f✧.c✧✧ to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/bbcde2fa-8688-11e7-bf50-e1c239b45787?desktop=true&conceptId=67e7d2d7-ef1f-3a02-9e07-35726073e2c5&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a#myft:notification:instant-email:content:headline:html The world’s biggest hedge fund manager is turning more defensive on concerns the political drama in Washington will impair the US government’s ability to function and weigh on already wobbly financial markets.The move by Ray Dalio, the founder of Bridgewater, which manages about $150bn, comes in a month that has seen the benchmark S&P 500 dipping 1.7 per cent amid Donald Trump’s nuclear brinkmanship with North Korea and White House infighting over the president’s response to neo-Nazi demonstrations in Charlottesville, Virginia.Although the S&P 500 closed slightly higher in New York trading on Monday, the fall since the start of August puts it on track for the worst monthly performance in almost a year as a series of “Trump trades” have fizzled out over the summer.Mr Dalio, who was initially optimistic about the economic impact of Mr Trump’s policy agenda, wrote on Monday that divisions in Washington meant “conflicts have now intensified to the point that fighting to the death is probably more likely than reconciliation”, pointing to the president’s sharply diverging approval ratings among Democrats and Republicans.The hedge fund manager said Bridgewater was “reducing our risk” because of the likelihood the conflicts will not be “handled well”, arguing that their resolution “will have a greater effect on the economy, markets and our overall wellbeing than classic monetary and fiscal policies”.
The world’s biggest hedge fund manager is turning more defensive on concerns the political drama in Washington will impair the US government’s ability to function and weigh on already wobbly financial markets.
The move by Ray Dalio, the founder of Bridgewater, which manages about $150bn, comes in a month that has seen the benchmark S&P 500 dipping 1.7 per cent amid Donald Trump’s nuclear brinkmanship with North Korea and White House infighting over the president’s response to neo-Nazi demonstrations in Charlottesville, Virginia.
Although the S&P 500 closed slightly higher in New York trading on Monday, the fall since the start of August puts it on track for the worst monthly performance in almost a year as a series of “Trump trades” have fizzled out over the summer.
Mr Dalio, who was initially optimistic about the economic impact of Mr Trump’s policy agenda, wrote on Monday that divisions in Washington meant “conflicts have now intensified to the point that fighting to the death is probably more likely than reconciliation”, pointing to the president’s sharply diverging approval ratings among Democrats and Republicans.
The hedge fund manager said Bridgewater was “reducing our risk” because of the likelihood the conflicts will not be “handled well”, arguing that their resolution “will have a greater effect on the economy, markets and our overall wellbeing than classic monetary and fiscal policies”.
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 24 August 2017 00:18 (six years ago) link
Thanks
― Gukbe, Thursday, 24 August 2017 01:28 (six years ago) link
The world’s biggest hedge fund manager
7'2" and 300lbs
― the last famous person you were surprised to discover was actually (man alive), Thursday, 24 August 2017 04:34 (six years ago) link
INNN THISSSS COR-NERRRR
― j., Thursday, 24 August 2017 05:09 (six years ago) link
for fuck's sake
https://consumerist.com/2017/09/29/chamber-of-commerce-files-lawsuit-to-stop-american-consumers-from-being-able-to-file-lawsuits/
― reggie (qualmsley), Saturday, 30 September 2017 17:06 (six years ago) link
How Dollar General Became Rural America's Store of Choice
Dollar General is expanding because rural America is struggling. With its convenient locations for frugal shoppers, it has become one of the most profitable retailers in the U.S. and a lifeline for lower-income customers bypassed by other major chains.
The more the rural U.S. struggles, company officials said, the more places Dollar General has found to prosper. “The economy is continuing to create more of our core customer,” Chief Executive Todd Vasos said in an interview at the company’s Goodlettsville, Tenn., headquarters.
“We are putting stores today [in areas] that perhaps five years ago were just on the cusp of probably not being our demographic,” he said, “and it has now turned to being our demographic.”
― mookieproof, Monday, 4 December 2017 20:44 (six years ago) link
Many popular brands are packaged in small quantities to keep prices under $10 -- generally yielding higher profits per item than bulk goods at such warehouse chains as Costco, which sells half-gallon bottles of cooking oil and 7-pound packages of fresh chicken.
― mookieproof, Monday, 4 December 2017 20:48 (six years ago) link
too real :(
― Roberto Spiralli, Monday, 4 December 2017 21:02 (six years ago) link
Take your payday loan check on down to Dollar General!
― IF (Terrorist) Yes, Explain (man alive), Monday, 4 December 2017 21:09 (six years ago) link
/trench
― IF (Terrorist) Yes, Explain (man alive), Monday, 4 December 2017 21:17 (six years ago) link
Reality as a whole needs posting on the trenchant thread
― But doctor, I am Camille Paglia (Bananaman Begins), Monday, 4 December 2017 21:28 (six years ago) link
Student Loan Debt Is Now As Big as the U.S. Junk Market
― Lyudmila Pavlichenko (dandydonweiner), Thursday, 7 December 2017 00:40 (six years ago) link
https://www.politico.com/story/2017/12/11/trump-welfare-reform-safety-net-288623
― reggie (qualmsley), Monday, 11 December 2017 21:32 (six years ago) link
this is why i live in canada!
― J0rdan S., Friday, October 19, 2007 6:13 AM (ten years ago) Bookmark Flag Post Permalink
lets revisit this
― BIG HOOS aka the steendriver, Monday, 11 December 2017 22:37 (six years ago) link
that's what xi said
https://www.cnbc.com/2018/01/10/china-is-reportedly-thinking-of-halting-us-treasury-purchases.html
― reggie (qualmsley), Wednesday, 10 January 2018 23:58 (six years ago) link
FUK
― BIG HOOS aka the steendriver, Thursday, 11 January 2018 01:52 (six years ago) link
You know that $1.4 trillion in unfunded tax cuts the Congress just decided to borrow over the next 10 years in order to do nothing useful? Apparently China doesn't find that idea appealing from the lender's perspective. To paraphrase a famous American, that makes them smart!
― A is for (Aimless), Thursday, 11 January 2018 01:57 (six years ago) link
https://www.reuters.com/article/us-trade-nafta-canada/canada-taking-u-s-nafta-threat-seriously-seeks-to-end-logjam-idUSKBN1F01Y1
― reggie (qualmsley), Thursday, 11 January 2018 18:06 (six years ago) link
the minority party needs to stop being so disrespectful to the president and tow (toe?) the line :(
http://thehill.com/policy/finance/372046-dow-sinks-460-points-after-week-of-losses
― reggie (qualmsley), Friday, 2 February 2018 19:55 (six years ago) link
Correction was overdue, but down 666 Friday, down another almost 500 right now ...
― Josh in Chicago, Monday, 5 February 2018 18:39 (six years ago) link
Yeah, tbh I was surprised the market went as high as it did, yet I'm also scratching my head as to what the catalyst is right now.
― Fedora Dostoyevsky (man alive), Monday, 5 February 2018 18:41 (six years ago) link
in today's markets, it could just be algorithms kicking in
― A is for (Aimless), Monday, 5 February 2018 18:44 (six years ago) link
Millions of people reading the business section suddenly became curious about the parts of the paper they usually just throw away.
― How does boy sound like? (Old Lunch), Monday, 5 February 2018 18:46 (six years ago) link
Fears of inflation?
― Josh in Chicago, Monday, 5 February 2018 18:46 (six years ago) link
borrowing an extra trillion or so?
― sleeve, Monday, 5 February 2018 18:47 (six years ago) link
keep seeing "rising wages" cited in subheds
― BIG HOOS aka the steendriver, Monday, 5 February 2018 19:34 (six years ago) link
Nigh-imperceptible declines in the stark inequity between the richest and poorest Americans have predictably sent Wall Street into a tailspin.
― How does boy sound like? (Old Lunch), Monday, 5 February 2018 19:45 (six years ago) link
I'm always skeptical of the daily headline commentary on market moves.
― Fedora Dostoyevsky (man alive), Monday, 5 February 2018 19:46 (six years ago) link
oh noes, americans (allegedly) have more money to spend, what a disaster for the economy
― i gotta be a gazpacho man (bizarro gazzara), Monday, 5 February 2018 19:47 (six years ago) link
yeah, and if it's that it's just further proof of how decoupled the stock market is from the real economy
― Fedora Dostoyevsky (man alive), Monday, 5 February 2018 19:48 (six years ago) link
January 2018 wage gains were apparently highest since June 2009; but fourth quarter 2017 ones were lower than expected.
― curmudgeon, Monday, 5 February 2018 19:49 (six years ago) link
the obama crash
― reggie (qualmsley), Monday, 5 February 2018 19:51 (six years ago) link
Feel like there's an extent to which the health of the stock market is directly related to some unknowable index of how tolerant workers are of being exploited at a given point in time. Rising wages certainly threaten that balance.
― How does boy sound like? (Old Lunch), Monday, 5 February 2018 19:51 (six years ago) link
Down 1000?
― Ned Raggett, Monday, 5 February 2018 20:09 (six years ago) link
at what point does the emergency kill switch kick in?
― mookieproof, Monday, 5 February 2018 20:10 (six years ago) link
1300?
― Ned Raggett, Monday, 5 February 2018 20:10 (six years ago) link
here we go
― 𝔠𝔞𝔢𝔨 (caek), Monday, 5 February 2018 20:10 (six years ago) link
i love trump is on stage ad-libbing about how great he is while this is happening
― 𝔠𝔞𝔢𝔨 (caek), Monday, 5 February 2018 20:11 (six years ago) link
7% fall is first circuit breaker. Fall is now close to 6%. https://t.co/CG6VSaHe6f— John Cassidy (@JohnCassidy) February 5, 2018
― mookieproof, Monday, 5 February 2018 20:12 (six years ago) link
this has to be by far the record in dollar-amount drop in one day right?
― Fedora Dostoyevsky (man alive), Monday, 5 February 2018 20:14 (six years ago) link
Market wide circuit breaker info: https://t.co/F67W0z56PD pic.twitter.com/dWGILvv9VM— Joe Saluzzi (@JoeSaluzzi) February 5, 2018
― 𝔠𝔞𝔢𝔨 (caek), Monday, 5 February 2018 20:15 (six years ago) link
he's talking about hillary clinton rn
― 𝔠𝔞𝔢𝔨 (caek), Monday, 5 February 2018 20:17 (six years ago) link
if hillary were president the market would have lost twice as much today
― reggie (qualmsley), Monday, 5 February 2018 20:25 (six years ago) link
I have a theory that Trump's health and well being are psychically tied to the DJI like Elliott was to ET
― Fedora Dostoyevsky (man alive), Monday, 5 February 2018 20:27 (six years ago) link
God willing.
― How does boy sound like? (Old Lunch), Monday, 5 February 2018 20:29 (six years ago) link
So good day to finally max my 2017 Roth contributions?
― direct to consumer online mattress brand (silby), Monday, 5 February 2018 20:33 (six years ago) link
the market has now crashed on each of the past four republican presidents. let's cut taxes some more!
― reggie (qualmsley), Monday, 5 February 2018 20:36 (six years ago) link
Well, clearly we are not cutting them enough.
― Josh in Chicago, Monday, 5 February 2018 20:37 (six years ago) link
amen brother
― reggie (qualmsley), Monday, 5 February 2018 20:40 (six years ago) link
Let's fix this mess by giving businessmen more money.
― Wes Brodicus, Monday, 5 February 2018 20:42 (six years ago) link