DALIO WARNS OF “CAPITAL WARS” AGAINST U.S. Billionaire investor Ray Dalio warned that President Trump’s policies could trigger “capital wars,” as countries and investors reduce exposure to U.S. assets. Speaking in Davos, Dalio said rising trade tensions and fiscal deficits risk eroding trust in U.S. debt, potentially driving investors toward hard assets like gold, which he recommends as a key hedge.(*Walter Bloomberg)