Key Takeaways Ray Dalio puts U.S. spending near $7.5 trillion against $5.5 trillion in revenue, a $2 trillion gap. The 10-year Treasury yield closed at 5.31% on Oct. 5 as Japan’s 10-year hovers near a 30-year high. Dalio’s fix would cut the deficit from about 6% of GDP to 3%, alongside 10% to 15% in gold. The Clock Has Not Moved, but the Bond Market Has The billionaire macro investor believes that U.S. debt service payments are squeezing out spending, and that a debt crisis is possible within three years. In late August, Dalio had reiterated the same, noting: A …