By Canan Sevgili LONDON (Reuters) -Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more accommodative stance from major central banks, a quarterly report showed on Thursday. The Institute of International Finance, a financial services trade group, said that global debt rose over $21 trillion in the first half of the year to $337.7 trillion. China, France, the United States, Germany, Britain, and J ...

Ray Dalio warned at the Future China Global Forum that America’s $37.5 trillion debt poses a crisis risk, but argued the U.S. can’t realistically cut spending. Dalio noted a “greater realization” in the Trump administration of the debt challenge, though the growing gap between spending and revenue leaves markets wary of long-term sustainability. On a spectrum of opinion about America’s national debt, Ray Dalio comes down on the end of “crisis.” The Bridgewater Associates founder has long warned America ...