Dalio Warns of Debt 'Heart Attack', Seeks Political Unity
Update: 2025-12-05
Description
Ray Dalio, founder of Bridgewater Associates, warns of Americas $38 trillion debt, likening it to an economic heart attack. He suggests fiscal restraint, growth investment, and political unity to address the issue, but doubts politicians ability to reach long-term agreements. Dalio emphasizes the need for a bipartisan commission, yet remains pessimistic. He fears high debt and rising global tensions could lead to a crisis, with creditors like China questioning the value of American debt. Economists offer a more optimistic view, suggesting the Federal Reserve could intervene. The Great Wealth Transfer presents opportunities for governments to leverage funds, with options ranging from incentives to wealth taxation.
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