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Ray Dalio: Mkt Cannot Bear Govt Fiscal Deficit Equal to 6.5% of GDP
Recommend 3 Positive 1 Negative 17 |
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Ray Dalio, Founder of Bridgewater Associates, said that investors should be afraid of the US bond market, adding that the US Federal Government's fiscal deficit is 6.5% of GDP, which is unbearable for the market, according to CNBC. He is not hopeful about the politicians' ability to bridge differences and alleviate the national debt burden, candidly expressing pessimism and urging a realistic approach, Dalio added. He believed that this is the nature of the challenges faced by the US, and that anything related to bipartisanship and overcoming political obstacles basically means giving more, leading to these deficits. AASTOCKS Financial News Website: www.aastocks.com |
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