Ray Dalio predicts a debt crisis within 3 years as we're 'approaching our limits'
Source: Business Insider ·
Ray Dalio said that soaring interest payments on the national debt are squeezing out other spending, and he sees cracks in other credit markets.
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Ray Dalio is bracing for a debt crisis.Jemal Countess/Getty Images for TIMERay Dalio expects the US to face a debt crisis "within the next three years."The hedge-fund billionaire said the cost of servicing the national debt is squeezing other spending.Dalio flagged the AI boom's growing reliance on debt and the danger of overinvestment.Ray Dalio says the US is careening toward a debt crisis before the end of this decade.The billionaire investor said in a Bloomberg Television interview on Tuesday that he anticipates a debt crisis "within the next three years," or by the fall of 2029.The author of "How Countries Go Broke" and founder of hedge-fund behemoth Bridgewater Associates said the scale of the national debt and the rate at which it's growing mean we're "approaching our limits."US debt breached the $40 trillion mark in August, representing an inflation-adjusted increase of more than $10 trillion, or over 33%, since 2019.Dalio said that this trajectory is unsustainable because of…