Bridgewater Associates founder Ray Dalio says that America is going to be forced to deal with its soaring debt problem.
The billionaire tells his 1.7 million followers on the social media platform X that the US will likely lower interest rates and print money to address the nation’s ballooning debt obligations.
However, he warns that such measures are not very effective.
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“When countries have too much debt, lowering interest rates and devaluing the currency that the debt is denominated in is the preferred path government policy makers are most likely to take, so it pays to bet on it happening. At the moment of my writing, we know that the projections are for big deficits and big increases in government debt and debt service expenses
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