"September's Economic Shifts: Bitcoin, Rate Cuts, and Political Moves"
BlackRock CEO Larry Fink, once a skeptic of bitcoin, now sees a future for the cryptocurrency and expresses concern over government deficits.
Tag
Government Deficits
All articles tagged with #government deficits
"Ray Dalio Warns of Looming Debt Crisis as U.S. Reaches Inflection Point"
Ray Dalio, founder of Bridgewater Associates, warns that the soaring U.S. government debt is reaching a critical point where it will exacerbate political and social problems. The need to borrow more to cover deficits, coupled with a decrease in foreign buyers of U.S. Treasurys, creates a supply-demand problem. The U.S. is currently $33.7 trillion in debt, with $26.7 trillion owed by the public. Dalio emphasizes the importance of a financially strong country and warns that the situation is nearing an inflection point where the debt problem will quickly worsen.