Paul Tudor Jones, founder of Tudor Investment Corporation, discussed the unsustainable trajectory of the U.S. debt and deficit situation in a recent CNBC interview. He stated that regardless of who wins the upcoming presidential election, the issues surrounding U.S. fiscal policy will persist. Jones emphasized the need for the U.S. to inflate its way out of its debt burden, advocating for investments in gold, bitcoin, commodities, and Nasdaq while avoiding fixed-income securities. He predicted significant inflationary pressures, asserting that campaign promises from political candidates may worsen the fiscal challenges. With the national debt nearing 100% of GDP, Jones warned of dire consequences if spending issues aren't addressed. He suggested that the Federal Reserve should adopt policies to keep nominal interest rates below inflation to support economic growth. Overall, he maintains a long position in gold and bitcoin as a hedge against inflation.

Source 🔗