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Kuczynski Warns of Financial Crisis: “$40 Trillion US Debt”
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Bridgewater's founder warns of a fiscal crisis while the debt exceeds $40 trillion, the 30-year bond reaches 5.25% and the Treasury prepares new purchases to contain the tension.
The world is heading towards a global debt crisis, which may turn out to be much more serious than the financial collapse of 2007-2009 — warns Piotr Kuczyński, analyst at Xelion Investment House. In a conversation with Gońec, he also talked about the gigantic debt of the United States, rising oil prices, a possible rebound in inflation, China's increasing gold purchases and the problems of the Polish economy.
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