Billionaire hedge fund manager warns of 'economic heart attack' for US economy
Published On Mar 3, 2025, 4:34 PM
Billionaire hedge fund manager Ray Dalio warned that the U.S. economy could face an 'economic heart attack' if significant government intervention isn't made to tackle the increasing deficit and national debt, which is presently at $36.2 trillion. He described the current projected deficit as being excessive and called for action to reduce it to about 3% of GDP to avoid a potential debt crisis in the next few years. Dalio emphasized that while solutions are available, they require decisive measures from policymakers.
Stock Forecasts
SPY
Negative
Due to the looming threat of an economic downturn highlighted by Dalio, companies that are highly leveraged or rely heavily on government spending may face declines. Conversely, companies that are positioned to benefit from government interventions and infrastructure spending in the wake of such warnings could see a positive outlook.
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