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 ...

Central Bank Independence & Monetary Policy - The core debate revolves around the independence of the Federal Reserve and its monetary policies [1] - A historical belief supports an independent central bank to avoid politically motivated credit easing [1] - The aim is to defend the value of money and bond values [1] Economic Impact & Stakeholder Interests - Concerns exist about central banks potentially losing money through their activities [2] - These activities may hinder addressing debt and overall economic challenges [2] - Debt holders favor tight monetary policy for good returns, while those seeking economic stimulation prefer the opposite [3]

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 ...

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when we see talk about a weaker dollar at the same time as we see uh talk about an easier monetary policy and so on, we have to understand that one man's debts are another man's assets. And so if you weaken the dollar and you and you produce more money, which is are the things we're considering now that are being considered that that lessens the value of the money that holders of that debt are going to get paid back with. So that is the nature of the tradeoffs that are faced and are inevitable when there's ...