The risk of a world war that includes the US and China has risen to 50%, the elite investor says.
AdvertisementAdvertisementThe Israel-Hamas clash threatens to spark other bloody battles, meaning it's now a coin toss whether a world war breaks out that includes the US and China, Ray Dalio has warned.
"If they spread to other countries, most importantly the major countries, there will be a much more horrific hot world war," he said.
"It seems to me that the Israel-Hamas war is another classic, unfortunate step toward a more violent and encompassing international war."
Dalio said his "pipe dream" would be for everyone to recognize the horror of a world war and come together to avoid one.
Persons:
Ray Dalio, —, Dalio, Bridgewater's
Organizations:
Service, Bridgewater Associates, Hamas
Locations:
Israel, China, Gaza, Russia, Ukraine