Bridgewater founder Ray Dalio.Brendan McDermid/File Photo/Reuters
Three market experts have cited concern that growing US debt will send interest rates up.
Ray Dalio and Bill Gross both pointed out a supply-demand imbalance that will keep fueling borrowing costs.
US debt supply will only grow, as a recession would expand the federal deficit, Jeffrey Gundlach added.
US debt is ballooning, and leading market experts are raising red flags with more red ink on the way and a potential recession looming.
The warnings come as federal deficits have exploded in recent years, sharply elevating the trajectory of US debt. The Treasury Department has already auctioned $1 trillion in bonds just within this quarter. Meanwhile, borrowing costs have soared in the last year and a half as the Federal Reserve embarked on an aggressive tightening campaign.
Over the past week, Wall Street giants Ray Dalio, Bill Gross, and Jeffrey Gundlach have weighed in:
Ray Dalio
The Bridgewater Associates founder said he…
2023-09-16 15:30:01
Original from finance.yahoo.com