A debt crisis is leaving NYC tenants in rent-regulated apartments with broken doors, mold and pests https://t.co/AEFDxdUtpC ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bridgewater Associates founder Ray Dalio issued stark warnings about the U.S. economy’s mounting debt burden, comparing the fiscal strain to arterial blockage that could trigger a financial “heart attack.” Debt Crisis Threatens Economic Stability Speaking at an Abu Dhabi Finance Week launch event, Dalio warned that escalating debt service costs are “squeezing out other spending” and building up like plaque ...

Group 1 - Ray Dalio warns that American markets are facing a financial "heart attack" due to rising US debt costs, which are constraining economic growth [1][6] - Dalio recommends that investors allocate 10% to 15% of their portfolios to gold, highlighting its unique uncorrelation with other assets and its tendency to rise during crises [2][3] - Gold is currently trading near record highs, with spot gold at $3,641.10 per ounce, reflecting a nearly 40% increase year-to-date, and gold futures at $3,680.60 per ounce [2][14] Group 2 - Dalio has consistently advocated for gold as a hedge against global risks, emphasizing its importance during periods of money printing and debt accumulation [3][4] - Despite stepping down from Bridgewater, Dalio continues to emphasize the need for investors to reassess their holdings in a debt-laden environment [6][7] - The surge in gold prices indicates that investors are shifting focus from equities to gold as a hedge against potential economic instability and geopolitical tensions [10][14] Group 3 - Central banks, including those in China, India, and Russia, have increased their gold holdings this year, diversifying away from the dollar [14] - Historical data shows that gold has performed well during market downturns, such as in 2008 and 2020, reinforcing Dalio's view of gold as a reliable insurance policy [15]

Market Trends & Dynamics - Gold hit a record high of $3,005 hundred (300,500) amid expectations of Fed rate cuts and concerns over central bank independence [1] - Silver saw gains at 40% [6] - Investors are filing money into gold while long maturity bonds enter their worst month [35] - Expectations for the Fed is more than 100 basis points towards mid-2026 [6] Financial Performance & Indicators - Stoxx 50 future is down by 02% [2] - US futures are pointing a little lower by 10% [2] - 10-year Treasury yields are up three basis points [3] - Gold is up more than 30% year-to-date [3] - U K 30-year climbing to 5 66% the highest since 1998 [109] - Nestle stock is down over 3% due to CEO change [110] Company Specific News - Nestle's CEO exited over a workplace affair after one year in the job [29] - Deutsche Bank rejoined the Stoxx 50, while Stellantis exited [34] - Deutsche Bank shares have regained their spot in the Euro Stoxx 50 [141] Geopolitical & Economic Factors - Russia signed a legal binding agreement to build the Power of Siberia 2 gas pipeline, increasing annual Russian flows by another 10 billion cubic meters by 2027 [31] - A potential government shutdown is coming up in the US [20] - The Danish leadership tries to move further away from using any Russian gas [34] - The U K 30-year has the highest yields since 1998 at 5 66% [109]

How can the US solve its debt crisis? Buy Bitcoin.@jackmallers breaks it down on the latest episode of The Big Brain Podcast with @lawmaster & @NamikMuduroglu 🧠https://t.co/x6VhoDJfqm ...

Senegal will take steps including raising taxes and renegotiating energy contracts to raise almost $10 billion over three years to help the West African nation deal with a debt crisis https://t.co/IORWRoVoyr ...

Economic Concerns - The UK is experiencing heightened anxiety regarding a potential debt crisis and societal instability [1]

Economic Situation - Greece is running budget surpluses [1] - The surpluses are at a level that the US and many European countries would appreciate [1] Historical Context - This positive financial situation comes ten years after Greece's debt crisis [1]

Economic Recovery & Fiscal Policy - Greece experienced a significant economic turnaround, transitioning from a state of economic crisis to exceeding the European average in growth [1][2] - Fiscal consolidation measures enabled Greece to conclude its bailout programs in 2018 [1] - By 2025, Greek output had partially recovered from a major recession, achieving a budget surplus as one of the few EU nations [2] Debt & Sustainability - Greece's debt burden remains high but has been structured for greater sustainability [2] Socio-Political Landscape - Austerity measures following bailout agreements caused substantial social and economic hardship [1] - Voter dissatisfaction with the ruling government and the rise of populist parties create uncertainty for future elections [3] Lessons Learned - The Greek financial crisis serves as a reminder to prevent future crises [3] - Despite economic improvements, Greece remains one of the poorest EU nations, facing chronic issues [3]

Bill Overview & Impact - Senate Republicans passed a bill facing dismal polling and internal opposition [1] - The bill cuts Medicaid by $1 trillion and risks 118 million people losing health insurance [2] - The bill extends tax cuts for the wealthiest Americans and increases funding for deportations [2] - The bill could lead to a seismic shift in the nation's fiscal trajectory and raise the risk of a debt crisis [3] Political Dynamics & Opposition - Only 29% support the bill in one poll, with even Fox News showing approval at 38% [4][5] - Elon Musk threatened to fund primary challenges against Republicans who vote for the bill [5] - House conservatives are publicly stating they don't like what the Senate did because it doesn't cut enough [23] Senate Approval Process - Lisa Murkowski secured provisions to shield Alaska from the bill's consequences in exchange for her vote [9] - Murkowski acknowledged the bill's devastating consequences for 49 other states [10] House Outlook - House Republican leaders aim to vote on the Senate version of the bill quickly [20] - Some House conservatives may initially oppose the bill but are expected to eventually support it [24][25] - The President wants the House to take up the Senate version of the bill [26] Underlying Motives - The bill is primarily aimed at making the 2017 tax cuts for the wealthy permanent [29]