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اقتصاد سكاي نيوز عربية
Bridgewater Founder Warns of US Debt Crisis
Billionaire Ray Dalio, founder of Bridgewater Associates, warned of a potential U.S. debt crisis within the next three years, due to the declining contributions of the two main lenders to American debt—Japan and China. He explained that the United States' reliance on foreign capital to finance about one-third of its debt, coupled with the decreasing willingness of these two countries to accumulate more bonds or their sales of existing bonds, could lead to a sharp rise in Treasury bond yields. Currently, yields are around 5.3%, the highest since 2002, which increases borrowing costs and threatens the sustainability of American finances. Dalio also pointed out the deterioration in Japan’s and China’s holdings of Treasury bonds, reflecting potential disruptions in the sovereign debt market and risking financial stability in the U.S., especially amid global bond market turbulence and rising borrowing costs. Additionally, he addressed the pressures faced by large technology companies and the viability of their funding amid current challenges, echoing previous inaccurate forecasts made by the U.S. Treasury Secretary.
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