Budget Deficit & GDP Target - The consensus is to reduce the budget deficit to 3% of GDP [1] - Political constraints prevent pledges to achieve the 3% GDP target [1] Political Obstacles - Politicians are hesitant to compromise due to constituent and party pressures [2] - Fear of political repercussions hinders necessary budget adjustments [2] Potential Financial Crisis - Failure to adjust the current trajectory may lead to a financial crash [1]

Everybody I speak with on both sides of the aisle agree that it's got to be a 3% of GDP. It's like but politics, we're having politics. The country um is at war.Two sides, the left, the right. The issue of how do you run the country. Very, very big differences.And that is um a difficult thing in our democracy because everybody's arguing and politics is standing in the way and making good decisions. and the idea of compromise, you know, that's out. I don't think anybody doubts uh that we need a renovation in ...

In 2008, he sounded the alarm about the impending financial crisis. And now he's warning about something even more important. He's the author of the brand new book, How Countries Go Broke: The Big Cycle.And Bridgewater Associates founder Ray Dio joins us now. Great. Uh, Ray, great to see you.Congratulations on the book. Thank you. Uh, it really relates now how countries go broke because everyone's should be concerned about the deficit that alarms you.Why. Well, there's a supply demand. you know, when they t ...

So what we see is an argument between the president of the United States and the head of the Federal Reserve and others about the independence of the Federal Reserve and the monetary policies that are being pursued. And so that argument is um um a general belief, a historic belief that um by having a central bank that is independent of the government, there is um a greater willingness to not do the politically expedient things of making credit to available. and they will defend the value of money and they'l ...

Interest Rate Policy & Economic Outlook - Market anticipates approximately two rate cuts by year-end, while some Fed officials suggest potentially only one [1] - There's significant uncertainty and deteriorating sentiment in the economy, making it difficult for the Fed to balance monetary policy [2] - Political factors, including a new Fed chair, may lead to increased pressure for rate cuts due to the impact of interest rates on large debts [3] Impact of Rate Cuts - Lowering rates could reduce returns on assets, requiring interventions that devalue money [4] - Aggressive rate cuts could negatively impact the bond market [5] - Monitoring the yield curve, dollar movement, and gold prices can reflect shifts away from bonds due to concerns about the value of money [6] Monetary Policy & Elections - Midterm elections and potential changes in monetary policy create a period of concern for the markets [5]

Do you see merit in the president trying to restructure trade relationships with the major powers from the EU to China to the smaller ones like Vietnam. Do you see merit. It it's got to happen. It's got to happen for a couple of reasons.First of all, it's one of the reasons we're also getting into a lot of debt, but partially it could also contribute to uh tax revenues, but also these imbalances are not uh sustainable. Not they're not sustainable not only because of the debt issue and the trade issue to mak ...

One way or another, you have to bring debt the deficit not only in the United States but other places but I'm focusing on the United States down to from a supply demand point of view down to about 3%. So that's the 3% of GDP that that's an amount that the market I think can digest. Um it will um affect also the supply demand.There are when I say three parts I think when we think of budgets we think of taxes and spending um but also interest has a huge effect. um a 1% change in the interest rate, 100 basis p ...

Welcome to very special conversation with uh Ray Dalio who has agreed to share with this audience thoughts that led him to publish his most recent book. Today we face a future in which growth is slow and that is very high. To me reading this book uh was a great um professional enjoyment because it is about a complicated topic.What a gift you are giving us uh with your time and your wisdom. I learned through my experience that many important things that uh came at me never happened in my life before but happ ...

There are orders, you know, there's a monetary order, there's a domestic, political, social order. Um there's a global world and they go through tend to go through a cycle um in which they break down and you have new orders. So a good example would be let's say 1945, we have a new monetary order, we have a new uh all those orders.Um, and then when they break down, um, you wipe out a lot and you have a new beginning and everybody remembers the trauma of the past and then there's the building up of credit, th ...

Ocean Exploration & Conservation - The organization is celebrating World Ocean Day and promoting ocean exploration [1][2] - The organization is participating in the United Nations Ocean Conference in France, focusing on ocean protection and exploration [1] - The conference will gather world leaders, explorers, and scientists [1] Media Promotion - The organization recommends the "Ocean Explorers" series on Disney Plus [2]