Hedge fund billionaire Paul Tudor Jones is warning that the United States is at its most economically precarious point in over 70 years.
In a recent CNBC interview, the legendary investor says that tough times lie ahead for the United States as the country’s debt burden continues to soar with the world embroiled in geopolitical tensions.
“The United States is probably in its weakest fiscal position since certainly World War II with debt to GDP at 122%. So it’s a really tough time for the moral voice of the world, certainly been the leader since World War II. It’s a really difficult time.”
According to Jones, the markets are not accurately pricing in the risks involved with the eruption of war in the Middle East.
“I think we’ve become inured to headline risk. If you think about the markets’ reaction to what happened [with Israel and Hamas], it was a linear response. It was risk-off, but it wasn’t anything that possibly recognizes just how dangerous this could be. I think that’s because we’ve gotten exhausted with headline risk.
It doesn’t mean that we can’t have a non-linear reaction in the markets down the road if something bad happens… I think at this point in time, we’re just probably incorrectly exhausted…”
Jones says that things could go from bad to worse if war breaks out between Iran and Israel.
“That’s when it really gets bad because then you’ve got the ability to have a First World War cascade when everyone gets involved.”
I
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE-3
Click Here to Read the Full Original Article at The Daily Hodl…
