Ray Dalio Says Tariff Turmoil Hurt US Reputation for Reliability

Bridgewater Associates’ billionaire founder Ray Dalio said investors have been left with “an element of trauma or shock or fear” after all the global markets turmoil this week.

“It dramatically affected psychology and attitude about the United States’ reliability,” he said in an interview with Bloomberg Television. “It could have been handled better.”

In his view, it’s worth watching the weakening dollar and how the 30-year Treasury trades versus the 10-year bond for any evidence that investors are turning away from what have long been the world’s safest assets.

“What I’m really most concerned about is the basic supply-demand ...