Ray Dalio’s warning about a potential “capital war” isn’t something to ignore, and a lot of economists took it seriously because it connects two major pressures happening at the same time: record‑high U.S. debt and intensifying global trade conflicts. I don’t take political positions myself, but I can break down why many analysts think his concern is worth paying attention to and why others think the situation is more manageable. You can decide where you land.
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