Ray Dalio is Wrong – A Debt Heart Attack isn’t Coming

Another accountant type preaching Modern Monetary Theory. I was hoping they had given up - they are what is known as heterodox economics.

MMT advocates some quite unsustainable policy measures. Fluffy feel good stuff.

For example, treasury interest payments (of about a trillion bucks a year and increasing) don't matter. He ignores that as pfft. Dismisses the possibility of hyperinflation. Stuff like that. They get themselves into all manner of contortions to fight their way out of some quite amazing holes.

Anyway. Watch out.

Oh no, sorry, you are not allowed to post articles with positive US news. Doesn’t matter that you use facts and logic, the pretend traders here will say the US will completely collapse to zero any day now.

It’s undeniable that the jobs market is falling apart, AI will reduce job creation significantly, thus interest rates will be falling worldwide. Therefore the dollar will not simply fall apart, because every country will be affected by the AI destruction. If you can’t see that coming, I’d suggest you stop trading. Every company in the world has one objective, increase profit. Best way to do that is grow without hiring people, they cost too much. So use AI to get current employees significantly more productive. Thus no new jobs.