Bridgewater Associates Founder Ray Dalio warns that the US is approaching the limits of its debt cycle, predicting a potential crisis within three years as spending outpaces revenue. He cautions that rising borrowing costs and weakening demand from key foreign buyers may squeeze lower-income borrowers first. (Source: Bloomberg)
Bridgewater Associates Founder Ray Dalio warns that the US is approaching the limits of its debt cycle, predicting a potential crisis within three years as spending outpaces revenue. He cautions that rising borrowing costs and weakening demand from key foreign buyers may squeeze lower-income borrowers first. (Source: Bloomberg)
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