Senegal’s ruling party said it’s dissolving the coalition that brought President Bassirou Diomaye Faye to power, heightening political uncertainty as the nation tries to resolve a debt crisis. https://t.co/r5fSKIPgVT ...

So, Matt, before we let you go, I noticed that prior to STRIVE, you spent 15 years at CalPERS, one of the state's biggest pension funds, where you manage actively managed fixed income portfolios. That's a pretty dramatic portfolio to go from the staid world of fixed income to the Wild West of crypto. How did you make that move.It actually was the reason I became a Bitcoin in the first place. I was managing a large portfolio of U.S. Treasuries. I was probably one of the largest buyers of U.S. Treasuries in t ...

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]

Chris Beauchamp, chief market analyst at IG, said markets had been “blindsided” by Mr Lecornu’s exit, with the Cac 40 stock index down as much as 2.1pc during trading. The index closed down 1.4pc.Its government borrowing costs have climbed above those of Italy, Greece and Portugal, with the yield jumping as much as 11 basis points to 3.61pc. The difference between its bond yields and those of Germany reached the widest level this year.Jack Allen-Reynolds of Capital Economics said France’s “fractured parliam ...

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

Economic Concerns - Ray Dalio warns about the U.S. economy's mounting debt burden, comparing it to arterial blockage that could lead to a financial "heart attack" [1] - The U.S. national debt has exceeded $37 trillion, with Moody's projecting the debt-to-GDP ratio to rise from nearly 100% in 2025 to approximately 130% by 2035 [2] Investment Recommendations - Dalio suggests investors allocate "somewhere between 10% and 15%" of their portfolios to gold as a hedge against market instability, with gold futures recently reaching record highs near $3,600 [3] - Gold is characterized as uncorrelated with other assets, typically increasing in value during crises when other assets decline [4] Market Valuations - The S&P 500 and Nasdaq Composite have gained over 12.25% and 14.33% year-to-date, respectively, closing at record highs amid expectations of Federal Reserve rate cuts [5] - Dalio's warnings highlight concerns regarding elevated market valuations in the context of underlying fiscal pressures [5]

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 ...