RT Daniel Priestley (@DanielPriestley)Billionaire hedge fund manager @RayDalio has said the UK is in a debt doom loop.The government has 101% of debt to GDP ratio. It spends 45% of GDP. It borrows to pay interest payments. This is wildly unsustainable and irresponsible.The doom loop bit happens when the government raises taxes to fund debt, higher taxes reduce growth, reduced growth reduces investment, reduced investment causes wealth creators to leave and the 1% who pay 30% of the taxes pull away from the ...

Debt & GDP Ratio - UK government debt stands at 101% of GDP [1] - Government spending accounts for 45% of GDP [1] - Government borrows to cover interest payments, indicating unsustainable fiscal policy [1] Doom Loop Mechanism - Increased taxes to fund debt reduces economic growth [2] - Reduced growth leads to decreased investment [2] - Decreased investment causes wealth creators (the 1% who pay 30% of taxes) to leave the system [2] - Wealth creators leaving necessitates even higher taxes [2] Potential Solutions - Government needs to cap spending at 35% of GDP [3] - Creation of special economic zones or tax breaks to attract wealth creators and investment [3] - Implementation of fiscal responsibility, ceasing money printing and further borrowing [3]

People are literally mad over 1) Jean pants 2) School supplies and who knows what else while the USA economy is crumbling with massive debt, inflation and no end in sight... ...

The US and China meeting for a second day in Sweden to talk trade. This comes uh as the big EU deal uh was announced uh yesterday and it could uh increase tariffs on other countries at the end of the week. Joining us now, former House Speaker Kevin McCarthy.He's the chairman of the uh Alpha Institute on set. Good to see you. Good to see you, Mr. . Mr.. Former Speaker. That's too hard to say. Uh good to see him.Mr. . Speaker, the Kevin, how's Kevin. Whatever you want to call me.The journals never um never li ...

More commercial real estate debt is entering a state of suspended animation as the ripple effects from the pandemic continue to reverberate through the industry https://t.co/cU1AtZxRak ...

Financial Literacy Importance - Financial literacy is crucial for newly graduated students and late teenagers to avoid debt traps and financial stress [1] - Lack of financial literacy can lead to failure in financial decision-making, as illustrated by the speaker's e-commerce store experience [2][3][4] - Financial literacy encompasses budgeting, debt calculation, profit margin understanding, and risk assessment [5] - Integrating financial literacy in schools through workshops and simulations can provide future generations with a path towards financial stability [8] - Financial literacy is presented as an obligation, not an option, for future generations' success [9] Challenges Faced by Young Adults - Adulthood introduces three challenges: financial stress, societal pressure, and uncertainty [6] - Financial stress is identified as the most devastating challenge, potentially leading to loss of privileges due to poor financial decisions [7] Call to Action - The speaker calls upon teachers, doctors, parents, instructors, and educators to prioritize financial literacy for future generations [9] - The speaker emphasizes the need to provide future generations with a chance to succeed, given the country's limitations in providing prosperity, sustainability, and stability [9]

World Bank President Ajay Banga said Zimbabwe should stop trying to work out its debt problems on its own and approach the Group of 20 in a bid to find a way forward https://t.co/ZWTYGjcoCy ...

- The service economy is what drives this economy today. It's not a goods-oriented economy. It's not a commodity, it's not an export-oriented, not a heavy-manufacturing-- service oriented.So, most of what drives the economy is resilient to what is a goods--slowdown in goods. Second thing that I--that I wouldn't have anticipated. I would have thought you've got more pricing transmission in, but it's pretty incredible how companies moved and-- now some of it, in the near term, companies took it into margin.We ...

Credit Rating Downgrade - Fitch Ratings下调了芬兰的信用评级，这是近十年来的首次 [1] - 评级下调的原因是未能控制不断膨胀的债务 [1]

Hey, Vivian. >> Hey, Brian. So happy to be here to chat.>> So, let's talk a little bit about just like zooming out because borrowers have had an emotional roller coaster of confusion in the last few years over this, right. >> Yes, absolutely. And I mean, let's just be honest, this system has never been that clear, cut, and dry.Before, you know, some of the programs we have now, there was pay P a yee. There was repay re-ay. Then there was the save plan, which obviously was struck down by a federal court.Now ...