US Markets
Friday, September 29th, 2023 2:29 pm EDT
Key Points
- Billionaire investor Ray Dalio expressed concerns about the “risky” U.S. fiscal situation and predicts a looming debt crisis.
- U.S. debt has surpassed $33 trillion as lawmakers negotiate a spending bill, potentially leading to a government shutdown and heightened debt risk.
- Dalio also foresees the possibility of the economy slowing significantly, possibly reaching zero growth or a slight decline of 1% to 2%.
Billionaire investor Ray Dalio expressed concerns about the “risky” U.S. fiscal situation and predicts a looming debt crisis. U.S. debt has surpassed $33 trillion as lawmakers negotiate a spending bill, potentially leading to a government shutdown and heightened debt risk. The debt has surged due to increased federal spending between fiscal 2019 and 2021, raising concerns about rising interest rates and declining demand for Treasurys. Dalio also foresees the possibility of the economy slowing significantly, possibly reaching zero growth or a slight decline of 1% to 2%.
For full original article on CNBC, please click here: https://www.cnbc.com/2023/09/28/ray-dalio-says-the-us-is-going-to-have-a-debt-crisis.html
