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Ray Dalio warns U.S. could face a surprise debt-crisis ‘heart attack’ within three years
“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,” Dalio said.
“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,” Dalio said.
