H/T: @TaviCosta
— Barchart (@Barchart) October 10, 2023
Paul Tudor Jones: The U.S. Is Moving Towards an “Untenable Fiscal Position.” Favors Gold & Bitcoin
Hedge fund magnate Paul Tudor Jones expressed concerns over increasing geopolitical risks and the U.S.’s rising debt, making stocks less appealing. Speaking on CNBC’s Squawk Box, he highlighted the precarious U.S. fiscal situation, the worst since World War II. Jones warned of a vicious cycle where rising interest rates amplify funding costs and debt, leading to further financial strain. He believes bitcoin and gold offer better investment opportunities in the current scenario.