Billionaire Paul Tudor Jones warns of financial disaster due to excessive US government spending and urges action to control it.
Billionaire hedge fund manager Paul Tudor Jones warned that the U.S. may face financial disaster if government spending is not curtailed. In an interview with CNBC, he expressed concerns about a potential bond market sell-off and rising interest rates due to excessive fiscal policies. Jones announced plans to avoid fixed income assets and bet against longer-dated bonds, emphasizing the urgent need for government action to control spending.
October 22, 2024
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