RAY DALIO WARNS OF AN 'ECONOMIC HEART ATTACK'—KEY SIGNALS TO WATCH Ray Dalio, founder of Bridgewater Associates, warns that rising government debt could trigger an economic crisis within three years. On X, he wrote that the U.S. is late in the “big debt cycle,” and without policy changes, debt-service and supply-demand problems could cause a “debt-induced economic heart attack.” Markets are showing signs: the 30-year U.S. Treasury yield recently rose above 5%, while gold hovers near record highs. Dalio said international investors are reducing dollar-denominated bonds and buying gold amid geopolitical concerns. He pointed to the growing U.S. debt burden—1 trillion in annual interest payments and 9 trillion in debt maturing this year—as a key risk. Dalio has called for reducing the deficit to 3% of GDP to stabilize markets. Dalio also cautioned that political efforts to influence the Federal Reserve, such as pushing for lower interest rates, could backfire. If investors fear rates are being artificially suppressed, the value of money could drop.(*Walter Bloomberg)