Reported about 2 hours ago
In a recent discussion at the FutureChina Global Forum, Ray Dalio expressed concerns that the US is unable to curb its excessive spending, which is leading to growing debt and threatening the stability of the monetary system. He pointed out that the US is projected to spend $7 trillion this year while only generating $5 trillion in revenue, resulting in a significant debt issuance that the market may struggle to absorb. Dalio emphasized that these fiscal challenges may jeopardize the US dollar's supremacy and could lead to a broader crisis.
Source: YAHOO