Ray Dalio Warns of a Coming U.S. Debt Spiral — And This Time, Wall Street Is Listening

Dalio Sounds the Alarm — And He’s Not Alone Ray Dalio didn’t build the world’s largest hedge fund by ignoring historical patterns. And in his new book, How Countries Go Broke: The Big Cycle, he’s not mincing words. The U.S. economy, he warns, is lurching toward a “debt death spiral” — the kind of fiscal collapse that has spelled doom for empires throughout history. According to Dalio, the short-term risk of a debt crisis remains “very low.” But the long-term threat? “Very high.” That’s economist-speak for tick, tick, boom. The U.S. is borrowing at a pace the market can no longer digest. And when confidence breaks — as it inevitably will — the cost of borrowing could skyrocket, triggering a…