Ray Dalio warns of looming fiscal crisis if US doesn’t address deficit spending: ‘Economic heart attack’
Billionaire investor Ray Dalio issued another warning about the U.S. government's fiscal woes, saying the country's mounting debt has it trending toward an "economic heart attack."Dalio, the founder of Bridgewater Associates, said that growing federal budget deficits and a more than $36 trillion national debt could strain the U.S. economy in the coming years unless lawmakers take steps to shrink the deficit as a share of the economy."The basic picture has […]
