No, Mr.Dalio, A UK Debt Death-Spiral Does Not Look Like This...

Yesterday’s UK’s 15-year Gilt deal was a 15 times oversubscribed blowout success, demonstrating global investors have confidence in the UK’s competence, stability and markets.

However, as Bill Blain points out, Ray Dalio is writing another book about why countries go bust, and reckons the UK is caught in a debt-death spiral.