Total federal debt crossed $40 trillion in mid-August, and Ray Dalio thinks the United States could face a debt crisis within one to five years.
The Bridgewater Associates founder also told investors what he would hold before it arrives.
What Bessent’s buyback signals to Dalio
U.S. Treasury Secretary Scott Bessent told CNBC his team would buy back government bonds, with purchases likely to top $4 billion. Buybacks are a routine tool for managing cash and liquidity, but Dalio sees this expansion into long-dated debt during a spike in yields as more worrying.
He also pointed to multiyear highs in long-term Treasury yields and Japan pulling back…
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