Ray Dalio, the billionaire investor and founder of Bridgewater Associates, boldly claims a looming debt crisis and calls it a "potential heart attack.” In a statement, Dalio argued that once we reach a point in the cycle where one borrows more money to service debt and bond holders say that it’s risky, it becomes a "debt debt spiral.” Dalio compares the current debt crisis to a heart attack waiting to happen if authorities fail to provide interventions.
Related Reading: Bitcoin Won’t Stop At $150K’ This Year, Research Firm Chief Says Understanding The Current US Debt Issue Dalio’s insights on the current economic landscape and the country’s looming debt crisis come as the crypto market cap drops to $2.76 trillion in one day.
Recognize that conflicts are essential for great relationships because they are how people determine whether their principles are aligned and resolve their differences.pic.twitter.com/MbBpHO76mN — Ray Dalio (@RayDalio) February 6, 2018 Dalio Says Alternative Stores Of Value Can Help In an interview on the Odds Lots podcast, Dalio offered insights on how the general public responds to an economic crisis.
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