An American Billionaire Predicted a Imminent Debt Crisis in the United States
15 Articles
15 Articles
An American billionaire predicted a imminent debt crisis in the United States
Washington has about three years left to avoid a debt crisis, according to American billionaire Ray Dalio. The founder of the major investment fund Bridgewater attributes the threat to the US government's habit of overusing the...
Washington has about three years left to avoid a debt crisis, says American billionaire Ray Dalio. The founder of Bridgewater, a large investment fund, attributes the threat to the US authorities' habit of abusing the printing press without regard to the country's real income. The opportunity is unlimited
The US has come close to the debt crisis, warned Ray Dalio in a conversation with Bloomberg, saying that rising debt service costs and reduced demand from foreign buyers could trigger the crisis in the next three years, the first to be hit by low-income borrowers.
Ray Dalio returns to warn about the US debt. Speaking at Bloomberg during an event in Singapore, the well-known investor explained that the United States could face a crisis related to its debt within the next three years. A warning that comes at a complicated stage for public finance in many countries,... Read more
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
