Veteran fund manager reveals America's fatal flaw, which could lead to a crash next year
America's 'addiction to government debt' is its fatal flaw - and could lead to a stock market crash, an expert has warned.
Ruchir Sharma, who is an author and fund manager, said attempts to rein in the debt - now at a record $36 billion - will eventually weaken economic growth.
Sharma, who is chairman of Rockefeller International and worked at Morgan Stanley for 25 years, made the comments in a column for the Financial Times. He had previously said that the US financial market has grown into 'the MOTHER OF ALL BUBBLES', which is due to POP SOON.