Fiscal Deficit & Debt - The US deficit is at $2 trillion [1] - The national debt is projected to increase from $30 trillion to $50 trillion in 10 years [1] - Current deficits of 6.5% to 7% are unsustainable [2] Fiscal Policy & Solutions - Tariffs will partially offset the deficit [1] - Tax breaks should be re-evaluated and potentially eliminated [3] - Multi-year budgeting could improve fiscal management [3] - Increased tax collection is a potential solution [3] - Congress needs to actively engage in responsible fiscal policy, including line-by-line budgeting [3]

RT THE REAL WORLD Official (@TRW_global)Andrew Tate exposes the biggest PSYOP about debt that 99% of people don't understand: https://t.co/7sJJeLnhwd ...

Debt & Fiscal Policy Concerns - The US is unlikely to alter its current debt trajectory, potentially leading to adverse consequences [1] - A balanced approach involving both tax increases and benefit cuts is necessary to address the debt problem [1] - Political absolutism hinders the implementation of necessary fiscal adjustments [1][2] Potential Solutions - Finding solutions that circumvent rigid pledges against tax increases or benefit reductions is crucial [2]

Bill Overview & Political Landscape - The bill extends Trump's tax cuts, increases border security, and eliminates taxes on tips and overtime [5] - The bill narrowly passed the Senate with the Vice President breaking a tie vote, but faces division in the House [4] - Every House Democrat is strongly opposed to this bill, referring to it as a "GOP tax scam" [3] - The White House and Speaker Johnson insist the bill will reduce the deficit, but critics disagree [18] Financial Implications & Economic Concerns - The bill is described as a massive tax cut for wealthy Americans that will explode the deficit and increase the national debt [10] - The bill is taking from the poor to give to the rich and charging a huge amount to the credit card [13] - Economists are concerned about America's debt and long-term financial viability [13] - Foreign investors are already dumping the dollar, and there is strain in the bond markets [16] - The tax cut is so big that even the extraordinary cuts they're making a Medicaid and other programs just don't come close to it [21] - The bill is expected to result in a $300,000 tax cut for the wealthiest Americans and some corporations [22] Specific Provisions & Criticisms - The bill includes a special carveout for Alaska to soften the blow of changes to Medicaid [6] - The bill is criticized for reducing incentives for clean energy production [11] - The bill breaks some of the promises that President Trump made such as to reduce or eliminate taxes on social security [23]

US Debt/Deficit - US "deficit/debt bomb"问题需要两党合作才能可持续解决 [1]

Fiscal Policy & Debt Management - A large debt/dollar crisis can be prevented by cutting the budget deficit to approximately 3% of GDP [1] - A mix of tax revenue increases and spending decreases is required to sustainably deal with the deficit/debt problem [1] - A balanced approach, such as a 4% increase in tax revenue and a 4% spending cut, would improve the supply/demand balance for US debt [1] - Lower interest rates, resulting from the improved debt supply/demand balance, would help reduce the budget deficit and benefit markets and the economy [1] Political Challenges - Political promises of "no tax increases" and "no benefit cuts" are inconsistent with the need to reduce the budget deficit [1] - Political absolutism prevents representatives from pursuing a balanced approach to deficit reduction [1]

There is no way that the US “deficit/debt bomb” problem can be sustainably dealt with unless there is a bipartisan approach, Ray Dalio wrote in a post on X https://t.co/Be8fGxPDeS ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **China Economic Outlook** for 2025, highlighting macroeconomic trends and forecasts by **Goldman Sachs**. Core Insights and Arguments - **2024 Growth Achievement**: China successfully met its growth target of "around 5%" in 2024, primarily driven by exports and related manufacturing investments [7][10]. - **2025 Growth Forecast**: The growth forecast for 2025 is set at **4.6%**, slightly above consensus expectations. This is attributed to a cautious outlook on real GDP growth due to challenges such as demographics, debt, and de-risking [9][10]. - **Inflation Projections**: Inflation forecasts for 2025 are notably low, with **CPI expected at 0.0%** and **PPI at -2.4%**, both below consensus expectations [10][64]. - **Fiscal Deficit**: The augmented fiscal deficit is projected to widen by **2.4 percentage points of GDP** in 2025 compared to 2024, indicating increased government spending [10][70]. - **Trade Dynamics**: The report anticipates that elevated US tariffs on Chinese goods will negatively impact GDP growth, although growth in exports to other countries may provide some offset [10][19]. - **Monetary Policy**: Further cuts to the reserve requirement ratio (RRR) and policy rates are expected in Q4 2025, alongside an appreciation of the Chinese Yuan against the US Dollar [10][34]. Additional Important Insights - **Export Trends**: Chinese nominal exports to the US have significantly declined, while exports to other economies have increased, indicating a shift in trade dynamics [22][25]. - **Consumer Sentiment**: The labor market has weakened, and consumer sentiment remains depressed, which could impact domestic consumption [48][51]. - **Property Market**: There is ongoing weakness in the property market, with demand for new homes expected to stay low, posing risks to economic stability [54][61]. - **Policy Support**: Ongoing and planned policy easing measures are expected to favor technology and high-quality growth, although implementation challenges remain [76][82]. Conclusion - The report presents a cautious yet slightly optimistic outlook for China's economy in 2025, emphasizing the need for policy support to navigate existing challenges while highlighting potential growth areas in technology and exports to non-US markets.

Economic Concerns & Political Implications - The increasing national debt and deficit are perceived as potential drivers towards socialism [1] - The failure of the "American dream" promise, specifically regarding college education leading to income and stability, is fueling discontent [2] - Unrestricted access to capital inflated education costs, leaving many young Americans with substantial debt and limited job prospects [3] - 32 million young Americans struggle to afford their bills and are trapped in a debt cycle [4] - This situation leads individuals to seek government intervention and redistribution of wealth [5][6] - A majority of voters in a deeply indebted situation could lead to a tipping point, favoring socialist policies [6] - Historically, embracing socialism to escape debt cycles has not proven successful in various countries [7] Generational & Demographic Trends - Young, college-educated white individuals are identified as a key demographic supporting candidates with socialist leanings [8] - Zoran won 61 to 39 with college educated [8] - This trend is viewed as the beginning of a wave with potentially concerning implications for the future of America [9]

Turning back to the markets now where the S&P really close to its all-time high once again. My next guest says he was surprised how quickly the market has rebounded since the tariff announcement and warns it doesn't make sense to be back here. Joining us is Vahhan Janjigian, the chief investment officer at Greenidge Wealth Management.Vahan, welcome to you. What doesn't add up for you here. Hi, Kelly.Um, so in my opinion, the market has bounced back largely because President Trump has backed off on the tarif ...