BRIDGEWATER'S FOUNDER, BILLIONAIRE INVESTOR RAY DALIO SAYS, US IS AT THE START OF THE DEBT CRISIS & WORSE TIME AHEAD FOR THE ECONOMY.

"In my opinion, ( Mr. Dalio says) we are at the beginning of a very classic late, big cycle debt crisis, when the supply-demand gap, when you are producing too much debt and have a shortage of buyers," Dalio said during the Bloomberg Invest conference on Wednesday.

"What's happening now, as we have to sell all this debt, do you have enough buyers?" he said. "When I look at the supply-demand issue for that debt, there's a lot of debt, it has to be bought and has to have a high enough interest rate," the Bridgewater founder added."

SOURCE:

https://markets.businessinsider.com/news/stocks/ray-dalio-us-debt-crisis-economy-recession-outlook-borrowing-ceiling-2023-6

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