● How Countries Go Broke: The Big Cycle
Ray Dalio
Review via Inc.
Billionaire investor Ray Dalio, who founded Bridgewater Associates, the largest hedge fund in the world, is warning that the debt situation in the United States is approaching a “death spiral” that could eventually threaten the entire U.S. economy.
In his new book, How Countries Go Broke: The Big Cycle, Dalio joins a growing chorus of financial experts and billionaires who have been sounding the alarm about government debt levels. The book comes as a report from the Congressional Budget Office released Wednesday found that Donald Trump’s budget bill would add $2.4 trillion to national debt, which currently stands at $36.9 trillion. The problem, Dalio said, is “urgent.”