Billionaire Ray Dalio Says US Unlikely To Change Debt Trajectory and Avoid a Financial Crash – Here’s Why

Description

Bridgewater Associates founder Ray Dalio says the US could be headed to a financial crash because political leaders are cautious against taking aggressive actions to address America’s budget deficit. In a post on the social media platform X, the billionaire says senior members of both the Democratic and Republican parties agree that the US needs to reduce its deficit to 3% of the GDP (g ross domestic product). But he says the so-called absolutist policies prevent the adoption of measures such as...