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Stagflation risk and implications for US interest rate policy
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27:47 - 34:17 (06:29)

Billionaire investor Stanley Druckenmiller warns that if the US does not take action to control spending, and interest rates on public debt continue to rise, the country may face stagflation. This means that the US government may soon face the possibility of allocating around 30% of its total GDP each year just to pay back interest on public debt, a risk for the dollar's stability.

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