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⭕ Ray Dalio Warns of US Debt's Destructive Impact on the Global Economy
⬅️ Ray Dalio, founder of Bridgewater, warned that the supply and demand problem related to US debt could have a very devastating impact on the global economy.
⬅️ "The first thing to look at is the debt issue, where we have a severe supply-demand problem. The United States needs to sell massive amounts of debt, but the world is not going to buy it," Dalio told CNBC.
⬅️ He explained that the US budget deficit must fall from its projected 7.2% of GDP to around 3%, which is crucial, saying, "You will see shocking developments in how this crisis is handled."
⬅️ He indicated that this issue could lead to debt restructuring, pressure from the United States to buy debt, or even the cessation of payments to some creditor countries.
This is the latest in a series of warnings issued by billionaire Dalio regarding the growing US debt, which has exceeded $36.2 trillion.
#CryptoAMA #newsdaily #InformedInvesting #market_tips #Market_Update