Billionaire investor Ray Dalio just spoke his mind on one of the most pressing issues facing the U.S. economy.
The founder of Bridgewater ****** ociates warned in a recent interview with Bloomberg that the country’s ballooning debt load is getting increasingly difficult to reverse.
He argues that as debt-servicing costs begin to compete sharply with other government priorities, the problem begins to reach far beyond Washington.
For years, investors have simply accepted that arrangement, and Dalio argues that the math is becoming virtually impossible to ignore.
For context, the U.S. national debt is currently about $39.20 trillion, according to the latest Treasury data.
The founder of Bridgewater ****** ociates warned in a recent interview with Bloomberg that the country’s ballooning debt load is getting increasingly difficult to reverse.
He argues that as debt-servicing costs begin to compete sharply with other government priorities, the problem begins to reach far beyond Washington.
For years, investors have simply accepted that arrangement, and Dalio argues that the math is becoming virtually impossible to ignore.
For context, the U.S. national debt is currently about $39.20 trillion, according to the latest Treasury data.
5 months ago
