Greece is about to face the most symbolic test yet on its road to euro-area rehabilitation as its finance minister bids to run the same forum where the country’s debt crisis once played out https://t.co/LfCTBUg5O5 ...

Vanke's offshore creditors are fielding requests for talks with potential advisors, a sign they're preparing for a worsening of the developer’s debt crisis https://t.co/nlYIqpux6D ...

Real Estate Debt Crisis - China's property debt crisis is intensifying scrutiny of major real estate firms [1]

Debt Crisis & Contagion Risk - Vanke's worsening debt crisis has heightened vigilance among sovereign bond traders regarding potential contagion [1]

Political Landscape - Senegal's ruling party is dissolving the coalition that brought President Bassirou Diomaye Faye to power [1] - This dissolution heightens political uncertainty [1] Economic Challenges - Senegal is trying to resolve a debt crisis [1]

Bitcoin Investment Thesis - Bitcoin is viewed as a solution to the debt crisis and fiat currency debasement [3] - The debasement trade is gaining popularity in Wall Street circles, aligning with Bitcoin's core thesis [3] - Bitcoin offers financial freedom and an opt-out from the existing financial system [3] - The US government is unlikely to stop printing money, creating tailwinds for Bitcoin [4] Individual's Background and Transition - The individual managed actively managed fixed income portfolios at CalPERS for 15 years [1] - The individual was a large buyer of U S Treasuries [2] - Direct communication with the Fed and the Treasury led to the individual's conviction in Bitcoin [3]

All right, Peter, I thought a great place to start the conversation. Let's just let you get your victory lap out of the way. Gold's at an all-time high. Silver's at an all-time high. What is driving the bull run in precious metals? Well, I think what you're seeing is the acceleration of ddollarization that began really a couple of years ago. I think uh what started it in earnest was the Biden sanctions uh against Russia which really was a wake-up call for the rest of the world uh that they need to get get r ...

Ray Dalio's Career and Bridgewater Associates - Ray Dalio founded Bridgewater Associates in 1975 and ran it for 47 years, selling his remaining stock and leaving the board in 2025 [11] - Bridgewater Associates grew to manage $4 billion in assets by the mid-1990s and $90 billion by 2024 [10] - Bridgewater made money during the 2008 global market crash [11] - In 1979, a near collapse of Bridgewater became a pivotal learning experience for Dalio [13][16] Investment Philosophy and Principles - Dalio emphasizes the importance of learning from mistakes and problems as part of the investment process [3] - Dalio advocates for an "idea meritocracy" with "believability weighted decision making," using data to assess individual strengths [19] - Dalio implemented a culture of radical transparency at Bridgewater, encouraging open and honest critiques among employees [20][21] - Dalio believes in understanding historical patterns to anticipate financial crises, citing his research on the Great Depression as key to predicting the 2008 financial crisis and the European debt crisis from 2010 to 2015 [39] - Dalio identifies five forces shaping the world: money/debt/markets/economy, internal order/disorder conflict, geopolitics, acts of nature, and man's learning/technology [42][43][44][45] Current Focus and Perspective - Dalio is still "addicted to the markets" and closely monitors them daily [33] - Dalio is now focusing on ocean exploration through the OceanX initiative with his son, using submersibles capable of reaching depths of 1,000 meters (3,300 feet) and remotely operated vehicles that can reach 6,000 meters (18,000 feet), covering 98% of the ocean floor [27][28] - Dalio sees parallels between the current period and 1937-38, noting debt issues, internal conflicts, and challenges to democracies [46]

Political Crisis in France - The unexpected resignation of Prime Minister Sebastien Lecornu has deepened the political crisis in France, marking the search for the fourth prime minister in less than a year [3][4][39] - Lecornu's resignation followed fierce criticism of his newly formed cabinet, which was perceived as favoring President Macron's Renaissance party [3][4][11] Market Reactions - The Cac 40 stock index fell sharply, closing down 1.4%, with banking stocks like BNP Paribas, Societe Generale, and Credit Agricole dropping between 5% to 7% [11][80][82] - French government borrowing costs surged, with the yield on 10-year bonds rising as much as 11 basis points to 3.61%, surpassing those of Italy, Greece, and Portugal [11][84][50] Economic Implications - The political instability is expected to complicate budget negotiations, with analysts warning that the fractured parliament makes it nearly impossible to pass a budget that reduces the fiscal deficit [2][77] - The difference between French and German bond yields has widened significantly, indicating a loss of confidence in the French economy [84][42] Future Outlook - Economists predict that the risk premium on French government bonds will continue to rise due to ongoing political uncertainty and high government borrowing costs, which are projected to exceed 5% of GDP [77][78] - There are speculations that President Macron may need to call for new elections if the political deadlock persists, which could further complicate the fiscal situation [46][78]

Housing Market & Debt Crisis - A debt crisis is impacting rent-regulated apartments in NYC [1] - Tenants are facing issues like broken doors, mold, and pests [1]