When you reach the part of the cycle that you have to borrow money to pay debt service, and the holders of those bonds say it’s a risky situation — in the private debt market, we call that the debt death spiral,

Billionaire hedge fund manager Ray Dalio has a bearish outlook on the US economy, citing the escalating debt crisis as the Trump administration attempts to wrangle an annual deficit that topped $1.8 trillion in fiscal 2024 alone.

Billionaire investor Ray Dalio says the U.S. at the brink of "heart attack” in the form of a debt crisis, and prescribed a deficit reduction to 3% of gross domestic product to stave off that risk. The Bridgewater Associates investment firm founder outlined his view on  Bloomberg’s “Odd Lots” podcast at a time when the Trump administration and

Bridgewater founder Ray Dalio compared the US debt to plaque building up in a heart, and said it was vital to act before the situation worsens.