Ray Dalio, founding father of the world’s largest hedge fund, tells Meet the Press that Trump’s financial agenda might result in a “breaking …
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I'm here because of his new book 🦈 coming 😮
Why can't he clearly say Yes or no? Why not use the word "Depression?" I saw this coming the minute all the government agencies were being eliminated. This is so serious it's unbelievable. You could write a book about this. Call it "How to tank a thriving economy in under one year!" written by Donald J Trump! Not to mention, the stupidity of letting someone, (DJT), who was responsible for the deaths of over 1 million Americans, gut the health care that saved over 300 million others. The American numbers from Covid were horrible, but if Biden hadn't come in when he did, they would have been much worse!!
Expect about a 50% devaluation of the dollar ( over ten years ). It's not the end of the world, it means American products become cheaper, and you export more, reducing the trade surplus, and getting closer to the current, true value of US goods and services in relation to other competitors.
Don't try to correct everything with tariffs, sure tariffs can be used as part of the equation to shift the balance, but overuse increases the value gap, and creates potential for a crash.
…..also stealing resources unites everyone against you, and could be costly. Most agreements are already in Americas favour, maintain them and go with slow corrections across the board….
The US still has ample value, hence if winded down gently, America will still be rich.
Raymond
I heard the government is bankrupting our economy
Remember, people voted for this. Look who's in power. Sad.
In the real world:
The latest economic news shows the U.S. economy grew faster than expected in the second quarter, with GDP revised to a 3.8% annualized rate, while long-term unemployment is at a post-pandemic high.
As usual, reality is exactly the opposite of what NBC claims.
Instead of trying to learn something she’s just trying to get him to attack Trump.
What an awful interview of a guy with a lot to offer.
DALIO TIPTOES AROUND TRUMPS TARRIF
He just couldn’t bear to say it…
In a nutshell, humanity is fuuucccced 👍
He's very artfully saying that WWIII is a distinct possibility. No matter how it comes to be, China will emerge as the dominant power both financially and militarily. The US government and western democracies may destabilize and the US may become unrecognizable. That's what I'm hearing.
Welcome to MAGA baby! Make Accountability Go Away.
get ready america its the time, the consumer loans and mortgages and getting way bigger peoples wages goes more into paying it and the it will affect in loan run in the economic slowdown even tho there is rise in wages. lol!!!
As long as there is the unlawful Citizens United the rich will always control American Governments
In USA, 25% of consumers purchase groceries on interest bearing pay later services.
Enough said.
Politicians don t understand that the easy way of printing bring the worse outcome. …as leaders, they should be hrl responsible at first place
I swear…doom scrolling is becoming easier and easier to do nowadays.
One of the smartest, rational and objective intellectual business minds. Unlike many today…
Wow, she does an incredible job of trying to pull the conversation towards blaming Trump, while Dalio stays very apolitical. Interesting to listen to.
Thoughts and prayers for the USA
She just constantly tried to pin him down to a quote of what’s the worst thing that could possibly happen, just for sensationalist media and claims they can then sell news with. It’s honestly hilarious.
Climate was barely touched on. I think climate and viruses are a big factor. We loose crops and cattle. We loose chickens. Large portions of the population get extremely sick. Fires, droughts and floods. We have already been feeling the impact. Beef prices are really high due to drought. T said we were going to have cheaper energy, but I’m not seeing it.
Very interesting guy. Thx.