Experts from the Ray Dalio Hedge Fund claim that we are “once in a generation” economic shift that “threatens the existing world order”

• Experts for investing veterans from Bridgewater Associates Say that the current economic outlook affects the existing global hierarchy. In the newsletter that has been obtained QuartzThe leaders criticized the shifting of the Trump administration to mercantilism and its “exceptional risks”. The evaluation is in a sharp contrast in November, when one of Bridgewater's leaders suggested investing in US shares under Trump.

Ray Dalio, the main leader of the Ray Dalio, founded the Bridgewater Associates, warned against the breakthrough of the “existing world order” amidst President Donald Trump's trade policy in its last newsletter.

Trump's trade, ignited by his so -called liberation tariffs, has torn through the stock market and left investors to worry about a possible recession. Bridgewater Associates in the latest leaflet of TreasureKaas-Cios Bob Prince, Greg Jensen and Karen Karniol-Tambour emphasized extraordinary risks to US assets, as the Trump administration presents “rapid displacement of mercantilism”.

“We assume that the deceleration of politics with the likelihood of a recession,” three wrote.

If Jpmorgan predicts a 60% likelihood that the US will enter the recession, Bridgewater Kaas -Cio believes that the impact only exceeds the economic downturn and affects the economic hierarchy.

“To say obvious: we are faced with a radically different economic and market environment that threatens existing world order and money systems,” wrote Prince, Jensen and Karniol-Tambour. “We have gone through many major economic shifts during the 50-year history of Bridgewater, so we don't talk easily when we say it looks like once in the generation.”

Sentiment is different from the cornea-tambour's notice At the Yahoo Finance Invest event in November, he said that keeping US shares was a good thing under Trump.

Historically, US assets depend on foreign inflows, and “shifting asset distributions have caused risks if the future is different from the past,” the leaflet reports. The hassle described the vulnerability of the portfolio, which includes “weakness of growth”, “central banks cannot facilitate problems”, “equity inadequacy”, and “US lower power relative to the rest of the world”.

The new geopolitical and macroeconomic standard creates an acute threat to investment portfolios in the middle of “the technological disorders of the generation,” the leaflet said.

“Everyone has to adapt to new reality,” they wrote. “Those who adapt quickly and well get at the expense of those who adapt slowly and badly.”
The white house did not come back Treasure Comment application.

This story was originally reflected on Fortune.com