Everyone from Jamie Dimon to Jerome Powell believes a national debt crisis is looming, they just don’t know when it will hit. Ray Dalio isn’t afraid to put a timeline on it: He says a “debt-induced heart attack” will happen under the current administration, in two or three years at most.
Dalio is no stranger to sounding the alarm on this topic. Earlier this year he said economists who believe America can continue to build its debt burden without consequence don’t “understand the mechanics” of the issue.
And this week he put an imminent timeframe on the problem, adding this is in part due to the policies of the second Trump administration.
“The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart attack in the relatively near future,” Dalio told the Financial Times. “I’d say three years, give or take a year or two.”
Despite Trump touting his…
