The US is facing growing concerns over its debt crisis. In an interview with Ray Dalio, founder of Bridgewater Associates and author of “How Countries Go Broke”, it was revealed that the country’s debt load is a pressing issue.
History suggests that when countries experience high levels of debt, they can fall into a cycle of economic instability. According to Dalio, identifying warning signs is crucial in preventing this from happening.
The US has seen significant increases in its national debt in recent years, with experts warning that the current trajectory could lead to severe consequences if left unchecked. The rising inflation rate and decrease in long-term bond yields have added to fears of an impending crisis.
While some argue that the decline of the dollar is not a cause for concern, others believe it may be a sign of underlying economic issues. As the US navigates this uncertain period, one thing is clear: the debt crisis is a pressing issue that requires careful attention and management.
Source: https://www.ft.com/content/0dfc60db-5abc-405a-b9b5-08095f099d91