Post #5607

Ray Dalio: The Great Investor On the War in Iran and the Contemporary World 🔤🔤🔤🔤➖ As a global macro investor for over 50 years who has needed to study all things that affected markets over the last 500 years to know how to deal what’s coming at me, it appears to me that most people tend to focus on and react to the attention-grabbing things that are going on at the time—like what is going on with Iran now—and miss the much bigger, more important, and longer-term-evolving things that are driving what is going on and what is likely to happen. For instance, this week, headlines have focused on the recently announced two-week ceasefire of the U.S.-Israel-Iran war. But I believe the conflict in Iran is just one part of a larger potential world war, with countries like China, Russia, and Iran on one side and the United States and countries with U.S. military bases on the other. I wish it were not true, but I fear we are entering a world war. I wish it were not true, but I fear we are entering a world war. Certainly, what will happen with the Strait of Hormuz (most significantly, whether control of passage through it will be taken away from Iran, and which countries are willing to spend how much blood and treasure to make that happen) will have many enormous repercussions all around the world. There are also the issues of whether Iran will still have a capacity to inflict harm on its neighbors through missiles and nuclear weapons, of how many troops the U.S. will send to the region, of the cost of gasoline, and of the upcoming U.S. midterm elections. All these near-term issues are important, but they lead people to miss the really big, even more important things. More specifically, because most people tend to have this short-term perspective, they now expect, and the markets are pricing in, that this war won’t last long, and when it ends, that we will get back to “normal.” Virtually nobody is talking about the fact that we are in the early stages of a world war that isn’t going to end any time soon. Interconnected conflicts It may sound like hyperbole to say we are in a world war, but it is indisputable that we are now in an interconnected world that has a number of shooting wars going on (e.g., the Ukraine-Russia- Europe-U.S. war; the Israel-Gaza-Lebanon-Syria war; the Yemen-Sudan-Saudi Arabia-UAE war that also involves Kuwait, Egypt, Jordan, and other related countries; and the U.S-Israel-GCC-Iran war). #dalio#iran#trump#nuclear#weapons#military#bases 📱American Оbserver - Stay up to date on all important events 🇺🇸