If you think the current outlook is bad, just wait until the White House can’t find anyone to buy its debt, warns Ray Dalio

6 comments

1. People do business with people that they like.

   This is the difference between America and the rest of the world. America honestly believe that money is the great equaliser and that personal preference goes out of the window when you throw enough money at an issue.

   The rest of the world (except Putin) does not think like that. Life and business is not all about money and return on investment. There is the likeability factor.

   Why would you do business with someone that might give you marginally higher returns but you do not know what they will do tomorrow?

2. All the people saying the National debt isn’t a problem because most of it is held by the Federal government must be puzzled by this.

3. US treasury bond got trashed under Biden/Kamala. TLT was basically trading at the lows prior to the Trump inauguration. I am assuming Ray Dalio thinks the prior admin was bullish for the US treasury bond.

4. That’s when Trump will turn to others like him. Our country is for sale to private owners. Bitcoin and various other meme coins will wash it all clean. We will have various levels of economy, and various currencies. Every facet of our everyday lives will be subscriptions and pay to play. Before you even call the ambulance to come get you, make sure you have the right currency to pay for the road access to the ER during the right time.

5. The Democrats would do well to start talking about fiscal responsibility and lowering the debt in a responsible way

6. Or there is a concerted effort to dump it…

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