The United Kingdom is in a doom loop forced by unsustainable government spending creating a downward spiral of tax hikes pushing productive taxpayers abroad, leading either to market turmoil or historically difficult choices.
Ray Dalio, one of the world’s top hedge funders, picked out the United Kingdom as an example of a particularly acute case of government deficit and debt risk, warning in general terms that the risk of imminent turmoil hasn’t yet been internalised by bond and currency markets but that now “those signals… are now beginning to flash or flicker”.
The UK’s financial picture “certainly isn’t good”, and the country is in a “debt…
Read the full article at BREITBART.COM
