Dalio says US at beginning of ‘late, big-cycle debt crisis’

Yahoo!Finance-Bloomberg/Katherine Burton/6-7-2023

photograph of Ray Dalio making a point at an investment conferrence“Billionaire Ray Dalio, founder of Bridgewater Associates, said the US is seeing stubbornly high inflation along with elevated real interest rates.… He said while interest rates won’t go much higher, the economy will get worse, and that could cause more internal strife if the US continues to have political fragmentation.”

USAGOLD note: Dalio’s diagnosis amounts something akin to stagflation – a scenario that has been favorable for gold and silver in the past, and not so favorable for stocks and bonds.

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