Billionaire investor Ray Dalio says that the US will likely turn on the money printers again as it takes on more debt.
Speaking at the All-In Summit, Dalio says that the United States will eventually struggle to pay off its financial obligations as it piles on more debt.
With the country’s rising debt levels, the billionaire says that a recession could force the government to re-introduce quantitative easing, which is a monetary policy that aims to increase the supply of dollars in the financial system.
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“What happens is debt rise is relative to incomes. What that means, mechanistically, is that debt service payments rise relative to incomes, and so it squeezes out consumption as the debt compounds. And what happens is there’s a realization that
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