Toys R Us was purchased for something like $6 billion and $5.2% billion of that was loans and only Toys R Us itself was responsible for paying that debt back. And Toys R Us had always been a very fiscally conservative company. They did not have a lot of debt ever.Now all of a sudden they were just buried under interest payments and their private equity owners were not helping them repay that money. And so the reason Toys R Us went out of business was not Amazon. It was the fact that they didn't have any mon ...

Financial Planning - Many Americans incur debt for summer travel [1] - The report suggests ways to avoid vacation debt [1]

Trade Restructuring - Trade restructuring with major powers like the EU and China, and smaller ones like Vietnam, is necessary [1] - Trade imbalances contribute to debt and are unsustainable [2] - Trade restructuring could contribute to tax revenues [2] Economic Security - Dependence on imports, particularly from China, poses a security risk [2] - Increased self-sufficiency is essential in the current global landscape [2]

One way or another, you have to bring debt the deficit not only in the United States but other places but I'm focusing on the United States down to from a supply demand point of view down to about 3%. So that's the 3% of GDP that that's an amount that the market I think can digest. Um it will um affect also the supply demand.There are when I say three parts I think when we think of budgets we think of taxes and spending um but also interest has a huge effect. um a 1% change in the interest rate, 100 basis p ...

boosting the richest by $12,000 a year. Joining us right now is Phil Swagel. He's the director of the Congressional Budget Office.And Phil, let's talk through some of the criticism you've received. Russ Vought said on X that this bill reduces deficits by $1.4% trillion. When you adjust for the CBO's one big gimmick, not using a realistic current policy baseline.Caroline Leavitt said that the CBO assumes long term GDP growth of an anemic 1.8%. And that's absurd. And then you had President Trump himself sayin ...

Tax & Spending Bill & Debt Ceiling - Republicans aim to pass President Trump's tax and spending bill by July 4th, facing challenges in the House and Senate [1] - The debt ceiling will drive the timing of the bill's completion, as it forces action [3] - The framework of the bill will likely remain the same due to reconciliation rules, limiting potential changes [8] Political Dynamics & Negotiation - President Trump's influence is crucial in aligning Republican votes in both the House and Senate [4] - Some Republican senators are outspoken against the bill, seeking leverage to tweak it [5][6] - Speaker Johnson needs to manage Senate changes to ensure the bill's passage in the House [6][7] Deficit & Long-Term Concerns - The speaker is concerned about the deficit, but the real drivers are Social Security and Medicare [10][11] - Bipartisanship is needed to address the long-term drivers of the debt, but public education is lacking [12] - The current bill includes populist giveaways, such as no taxes on tips, which may not significantly impact most servers [15][16] China & Critical Minerals - China has leverage over the US due to dependence on critical minerals [25] - The US needs to speed up the process of developing new mines to reduce China's leverage [26] - China controls 90% of critical minerals and 95% of the processing, posing a national security concern [27]

Common Misconceptions About Wealth - Equating income with wealth is a misconception [2] - Pursuing only trending stocks is a flawed strategy [2] - Selling investments during market downturns is detrimental [2] - Attempting to time the market is generally ineffective [2] - Lifestyle inflation hinders wealth accumulation [2] - Underestimating the power of compound interest is a mistake [2] - Ignoring the risks associated with debt can be dangerous [2]

Welcome to very special conversation with uh Ray Dalio who has agreed to share with this audience thoughts that led him to publish his most recent book. Today we face a future in which growth is slow and that is very high. To me reading this book uh was a great um professional enjoyment because it is about a complicated topic.What a gift you are giving us uh with your time and your wisdom. I learned through my experience that many important things that uh came at me never happened in my life before but happ ...

when we see talk about a weaker dollar at the same time as we see uh talk about an easier monetary policy and so on, we have to understand that one man's debts are another man's assets. And so if you weaken the dollar and you and you produce more money, which is are the things we're considering now that are being considered that that lessens the value of the money that holders of that debt are going to get paid back with. So that is the nature of the tradeoffs that are faced and are inevitable when there's ...

If I saw us adding a terowatt of electricity production capacity per year in the US, I would shut the up about the debt. The critical lynch pin for all of those other points of abundance being unleashed is the energy equation. And this is where I look very clearly and plainly at what China's doing versus where we're at today.We've got stated intentions, but the actions are where we're still, you know, we got to start showing up. So the number of watts that the US can make in any given point in time or is ma ...