Billionaire Paul Tudor Jones Says US in Weakest Financial Position Since World War II – Gulf Insider


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, which has certainly been the leader since World War II. It’s a really difficult time.”

See also  Saudi Arabia mandates USB-C type as the standard Charger for Smartphones by 2025

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 risky, 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.

See also  Bahrain: Two arrested for insulting religious signs on social media - Gulf Insider

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.”

See also  All food items in Saudi Arabia are Halal, in case of any complaints use Tayaqath platform to report

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.”



Source link


Works as an in-house Writer at Gulf Tech Plus and focuses on the latest smart consumer electronics. Closely follows the latest trends in consumer IoT and how it affects our daily lives. You can follow him on Facebook, Instagram & YouTube.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button