Veteran fund manager reveals America's fatal flaw, which could lead to a crash next year

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Veteran fund manager reveals America's fatal flaw, which could lead to a crash next year

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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.
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