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Ray Dalio Has A Chilling Warning For President Trump: Debt Crisis Is Imminent, And An Issue Of 'Paramount Importance'

Ray Dalio, founder of Bridgewater Associates, has raised alarms about the United States' national debt, predicting an imminent crisis. What Happened: According to a report by Fortune, Dalio expressed his concerns during his speech at the CONVERGE LIVE event in Singapore on Thursday.
Ray Dalio, the billionaire founder of Bridgewater Associates, has issued a stark warning about the looming threat of a debt crisis in the United States, emphasizing its potential to become a critical issue during President Trump's term. In an interview, Dalio highlighted the unsustainable trajectory of the U.S. national debt, which has escalated due to persistent budget deficits and rising interest rates. He pointed out that the increasing cost of servicing this debt could lead to a financial crisis if not addressed promptly. Dalio stressed the importance of managing this debt through fiscal policy adjustments, suggesting that failure to do so could result in severe economic repercussions, including higher borrowing costs, reduced economic growth, and potential defaults. His comments underscore the urgency for policymakers to tackle this "paramount importance" issue to prevent an economic catastrophe.

Read the Full Benzinga Article at:
[ https://www.msn.com/en-us/money/economy/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance/ar-AA1AXIqz ]