Billionaire hedge fund manager warns of ‘economic heart attack’ for US economy
The “big money show” panel discusses the impact of the Trump’s agenda on American taxpayers.
BRIDGEWATER ASSOCIATES Founder Ray Dalio said about the last podcast that the United States can be directed to the future “economic heart attack” without government action.
He told Hindhin the “odd lotter” of Bloomberg that he wanted politicians to inform the politicians that “there is a solution” here to solve the government’s deficit and the impending debt crisis.
BRIDGEWATER ASSOCIATES Founder Ray Dalio said about the last podcast that the United States can be directed to the future “economic heart attack” without government action. (Takaaki Iwabu / Bloomberg Via Getty Images / Getty Images)
“You can lower that deficiency to go to 3% of GDP,” the guests explained Joe Veynazal and Trace. “Trump’s tax cuts are included, the projected deficit will be about 7.5% of GDP, and you must reduce it by about 3% of GDP, as it will mean that debts will greatly increase the supply and demand.
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The US government has seen a deficit worth $ 1.8 in 2024, and it has been spent from $ 6.75 trillion, and income for $ 1.92 trillion in front of the treasury.
Dalio told the “strange states” that the United States is “quite close to that point” with the spiral of death. Without action, he suggested that the earth could see “heart attack“Three years ago, give or take a year, something like that.”
America’s national debt is currently standing With $ 36.2 trillionAccording to the Treasury Department. It’s been a sign of $ 35 trillion last summer for the first time.
New budget forecasts show that the US debt record is hitting in 4 years. Cbo
“If you don’t do it, you will be in trouble,” said the founder of Bridgewater partners on the US deficite and the debt.
The US government has seen a deficit worth $ 1.8 in 2024, and it has been spent from $ 6.75 trillion, and income for $ 1.92 trillion in front of the treasury. (Saul LOEB / AFP VIA GETTY Images / Getty Images)
He went to Bloomberg Podcast to discuss debt cycles and to speak “how countries have broken.” It is planned for release in early September.
Dalio who Founded by Bridgewater According to Forbes, it has a net worth $ 14 billion.
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