The U.S. is in ‘Relative Decline’ as ‘Chinese Power is Rapidly Rising,’ warns Ray Dalio

The days of U.S. hegemony are numbered and China is waiting in the wings, argues Ray Dalio, in his most recent missive on LinkedIn.The co-chief investment officer and co-chairman of Bridgewater Associates, outlined his case for why the world’s largest economy would be overtaken by China soon, presently the second-largest economy on the planet, with aspirations for much more. Dalio’s comments are part of his series of articles published on LinkedIn. Dalio’s remarks published on Thursday come as Sino-American tensions are ratcheting higher and creating some friction for the stock market, with the Dow Jones Industrial Average DJIA, -0.03%,the S&P 500 SPX, +0.23% and the Nasdaq Composite Index COMP, +0.42% rattled by renewed testiness between the global superpowers.