最近，美国又上演了一场精彩的"变脸大戏"。 主角还是咱们熟悉的那位"懂王"，嘴上喊得最凶，结果一听到坏消息，立马脸垮成茄子，对华态度也发生180°转弯。 01、一个坏消息，把美国打懵 事情还得从前几天说起。 美国财政部长贝森特，刚刚在谈判桌上对中国"挥舞关税大棒"，放狠话威胁："如果中国继续购买俄罗斯石油，我们就对中国产品加征三位数的惩罚性关 税。" 更直接的后果是： 想靠限制俄油涨价，逼各国买美国油？没戏了； 想借油价引发市场波动，让美联储降息？破产了； 想靠能源打压对手、扶持自己？全盘失败！ 这一波，OPEC直接当场拆台，不按特朗普剧本走！ 这话说得，信誓旦旦，一副"王炸在手，天下我有"的架势。 可就在所有人以为美方又要耍强硬时——剧情急转直下。 8月3日，路透社抛出重磅炸弹："OPEC+ 宣布：9月起将大幅增产石油，日增产量高达54.8万桶。" 什么意思？简单说就是，石油要变便宜了。 而这一增产动作，恰好与特朗普试图通过"卡住俄罗斯石油+制造油荒"来制造金融压力的战略，彻底对着干！ 02、特朗普"算盘"碎了一地 其实，特朗普针对俄罗斯石油，不只是为了"制裁"。 背后另有图谋：他想通过制造全球油价波动，打 ...

Group 1 - The United States is currently burdened by a staggering $36 trillion debt, which is 150% of its annual GDP, significantly exceeding the international warning line of 90% [1][9] - The U.S. government has been heavily reliant on issuing treasury bonds to manage its debt, with the Federal Reserve holding nearly one-fifth of the national debt [5][10] - The debt crisis has roots tracing back to post-World War II fiscal policies, where the U.S. leveraged the dollar's global dominance to engage in extensive fiscal expansion [10][12] Group 2 - Trump's attempts to address the debt crisis through various measures, including increasing tariffs and seeking funds from Ukraine, have largely failed and led to heightened global trade tensions [14][17] - The trade war initiated by Trump has not only failed to reduce the trade deficit as promised but has also complicated global supply chains, increasing costs for U.S. businesses and consumers [20][23] - In contrast, China has strengthened its economic position and technological capabilities in response to U.S. pressure, indicating a shift towards a more multipolar global order [23][25][27]

Core Viewpoint - Ray Dalio warns that the U.S. is heading towards a debt crisis, emphasizing the urgency of the situation as the national debt has tripled over the past 20 years to approximately $37 trillion, with annual interest payments around $1 trillion [1][2]. Group 1: Debt Concerns - Dalio describes the U.S. debt issue as a ship heading towards rocks, indicating that while politicians recognize the danger, they are hesitant to take necessary actions due to fears of angering voters through tax increases or welfare cuts [1]. - He has been warning about debt risks since at least 2018, highlighting that excessive borrowing can inflate bubbles that eventually burst when debts become unmanageable [1][2]. - Dalio identifies a "perfect storm" for the U.S. involving debt, political division, and foreign wars, which could lead to severe economic consequences [1]. Group 2: Economic Implications - In his latest book, Dalio likens the debt problem to a malignant cancer that spreads rapidly, suggesting that the U.S. is nearing a "death spiral" where the government must borrow more to pay interest on existing debt, leading to rising interest rates [2]. - Economists warn that the government's interest payments could become so large that it may necessitate tax increases or cuts to social services just to manage debt repayment [2]. Group 3: Historical Context and Future Outlook - Dalio suggests that if trust in the current monetary framework continues to decline, the U.S. might eventually re-anchor the dollar to gold, a concept he believes is not far-fetched given historical precedents [2]. - He outlines a four-stage cycle of fiat currency collapse, which includes excessive money printing, inflationary debt repayment, public rejection of currency value, and a return to the gold standard to restore credibility [2][3]. - Although he does not predict an imminent shift back to a gold standard, he acknowledges the possibility of repeating historical patterns in monetary systems, especially under current inflationary pressures [3].

【环球网财经综合报道】一直以来，亿万富翁投资者、全球最大对冲基金桥水基金创始人达利欧对美国债务危机 忧心忡忡，不断用不同方式向公众发出警告。 今年早些时候，他又将债务比作随时可能发作的"财政心脏病"，在金融体系中，"债务像动脉斑块一样累积"，可 能导致美国经济"心脏病发作"，其形式是中央政府和央行破产。 达利欧进一步分析，美国政府今年收入预计约5万亿美元，而支出预计达7万亿美元，这将使国家赤字增加2万亿美 元，再加上1万亿美元的债务利息支付。（南木） 过去20年，美国债务规模增长约两倍，达到37万亿美元左右，每年利息支付高达约1万亿美元。在最新播客节目 中，达利欧将美国的债务问题形象地比喻为"一艘驶向岩石的船"。 事实上，达利欧对债务危险的警告由来已久。早在2018年，他就在《应对大债务危机的原则》一书中表明，大量 借贷会吹大泡沫，一旦债务无法偿还，泡沫就会随之收缩。他以十年前的金融危机等诸多过往危机为例，强调债 务周期如同"疾病"一样遵循可预测的进程。 ...

Group 1 - Billionaire investor Ray Dalio warns that the U.S. is heading towards a debt crisis, with national debt having doubled over the past 20 years to approximately $37 trillion, and annual interest payments now around $1 trillion [1][2] - Dalio compares the debt situation to a ship heading towards rocks, indicating that while politicians recognize the danger, they are reluctant to make necessary changes due to fears of angering voters [1] - In his new book, Dalio describes the debt issue as rapidly spreading like an aggressive cancer, suggesting that the U.S. government's debt situation is nearing an irretrievable state, leading to a potential "death spiral" for the economy [2] Group 2 - The U.S. government's projected revenue for the year is about $5 trillion, while expenditures are expected to reach $7 trillion, resulting in a $2 trillion deficit and an additional $1 trillion needed for debt interest payments [2] - Dalio emphasizes that higher deficits may force the Treasury to issue more bonds to finance spending and interest payments, which could lead to a decrease in demand for these bonds and an increase in interest rates, creating a typical "debt death spiral" [2] - Other economists echo Dalio's concerns, warning that government interest payments could become so large that it may necessitate tax increases or cuts to social services to manage the debt [3]

Core Insights - The article discusses the severe debt crisis in the United States, highlighting that the national debt has reached an alarming $36.2 trillion, which is equivalent to the GDP of several developed countries combined [1] - The annual interest payments on this debt account for 17% of the total government spending, indicating a significant financial burden [1] - The rapid increase in debt, from $33 trillion at the end of 2024 to a projected $38 trillion by 2026, raises concerns about the sustainability of U.S. fiscal policy [1] Group 1: Government Measures - The Trump administration attempted to address the debt crisis through various measures, including the establishment of the "Government Efficiency Committee" aimed at reducing government spending, but these efforts were largely ineffective due to entrenched interests and public backlash [3] - The administration's second strategy involved imposing tariffs on imports to protect domestic industries and reduce trade deficits, which backfired as it led to increased trade tensions and rising domestic prices without reducing the trade deficit [5] - The third approach involved pressuring the Federal Reserve to lower interest rates to reduce borrowing costs, but this met resistance due to potential impacts on the Fed's profitability and political backlash [6][7] Group 2: Economic Consequences - The failure of these strategies has led to a vicious cycle where the U.S. government is trapped in a situation of increasing debt and interest payments, with no effective means to cut spending or increase revenue [9] - The article notes that other countries, particularly China, have begun to reduce their holdings of U.S. debt, which could undermine confidence in the dollar and exacerbate the crisis [9] - The overall sentiment is that the U.S. is facing a critical juncture, with the current debt levels posing a significant threat to economic stability and future growth [11][13]

一场经济风暴正席卷美国。7月美国新增就业人数仅为7.3万，不及预期值的一半，这颗"核弹"级数据引爆了华尔街，并引发了一系列连锁反应，从股市暴跌 到黄金飙涨，从特朗普的怒火到美联储的左右为难，美国经济的脆弱性暴露无遗。 数据修正引发的轩然大波 美国经济：核弹级就业报告引发的震荡 面对这组令人沮丧的数据，特朗普总统立刻在社交媒体上发飙，指责拜登政府"编造假数据"，并顺带炮轰美联储主席鲍威尔"也该退休了！" 几小时内，劳 工部迅速做出反应，由副局长威廉·威亚特罗斯基临时接替局长职务。民主党参议员伊丽莎白·沃伦则严厉批评特朗普，认为他将经济困境归咎于统计学家， 是将统计学家作为替罪羊的行为。 劳工部"擦屁股"内幕 劳工部试图平息众怒，解释数据下调的原因是企业补充问卷的陆续提交以及季节性调整的需要。然而，更令人担忧的是调查回复率的下降。疫情前，回复率 超过70%，如今却跌破60%，这导致了初始数据的严重偏差。更令人尴尬的是，去年3月的数据也曾高估了81.8万个岗位，创下2009年以来的最大误差。安永 经济学家指出，政府预算削减也是导致数据失真的一大原因，甚至连CPI数据都停止了对三个城市的更新。 市场血流成河 受此消息 ...

近日，知名对冲基金投资人瑞·达利欧（Ray Dalio）出售了其在全球最大对冲基金桥水基金的最后剩余 股份，并退出董事会。达利欧在一份声明中表示，他期待以"客户和导师"身份见证桥水的未来成功。 8月1日，75岁的达利欧在其社交媒体上发表了对运营桥水基金50年的反思，重温了他对生活、工作和投 资的原则。他说："从我和一个打橄榄球的家伙在一间两居室的公寓里一起创建桥水开始，到把桥水打 造成全球最大的对冲基金，拥有一支由大约1500人组成的优秀团队，再到我们为客户赚的钱远超任何其 他对冲基金——到现在又完成了最后一步，把桥水的接力棒交到下一代手中，我坚信他们完全有能力让 公司继续辉煌蓬勃50年。" 据媒体报道，桥水基金首先回购了达利欧持有的剩余股份，随后向文莱投资局发行新股。这笔数十亿美 元的交易使得这家东南亚主权财富基金获得桥水近20%股权，成为该公司最大股东之一。文莱投资局此 前就是桥水的长期投资者，此次是将其投资于桥水基金产品的资金转为对桥水公司的股权投资。尽管文 莱基金持股比例可观，但桥水联合投资总监Bob Prince仍持有更大股权。 桥水管理资产规模近年来大幅缩水，从2019年底的1680亿美元降至20 ...

Core Viewpoint - Ray Dalio has sold his remaining shares in Bridgewater Associates and exited the board, marking the completion of a succession plan initiated over 13 years ago, which aims to transition leadership to the next generation [1][2]. Group 1: Ownership Transition - The sale of Dalio's shares simplifies Bridgewater's governance structure and allows the firm to refocus on investment performance [2]. - The transaction involved Bridgewater repurchasing Dalio's remaining shares and subsequently issuing new shares to the Brunei Investment Agency, which now holds nearly 20% of the company, becoming one of its largest shareholders [1][2]. - Despite the significant stake held by the Brunei Investment Agency, Bridgewater's co-CIO Bob Prince retains a larger ownership percentage [2]. Group 2: Financial Performance - Bridgewater's assets under management have significantly decreased from $168 billion at the end of 2019 to an estimated $92.1 billion by the end of 2024 [2]. - The flagship fund, Pure Alpha, has shown improvement in performance after limiting its size, achieving an 11.3% return in 2024 and a 17% increase in the first half of 2025 [2]. Group 3: Economic Concerns - Dalio has issued warnings regarding the worsening U.S. debt crisis, likening it to an impending "economic heart attack," emphasizing that U.S. spending exceeds income by 40% [3]. - He cautions that the rising debt interest payments are severely constraining purchasing power, potentially leading to a financial crisis and systemic collapse if new debt is issued merely to cover existing interest payments [3].

Group 1 - The core issue revolves around Trump's visit to the Federal Reserve, which is speculated to be an attempt to pressure the Fed into lowering interest rates, highlighting the complexities of his political maneuvers [1][3][5] - Trump's recent actions, including public criticism of Fed Chairman Powell and the timing of his visit just before the Fed's July meeting, indicate a provocative approach towards the Fed's independence [3][5] - The backdrop of Trump's actions includes a looming financial crisis and the need for immediate funding solutions, such as pressuring Japan for early disbursement of $550 billion to address fiscal shortfalls [5][9] Group 2 - The political landscape is further complicated by the recent allegations made by the Director of National Intelligence against former President Obama, which are unprecedented and have stirred significant national attention [3][9] - Trump's strategy appears to be aimed at diverting public focus from the Epstein case and consolidating support ahead of the 2026 midterm elections, despite the challenges he faces in securing financial backing [9][10] - The overall situation suggests that Trump's current political maneuvers may be more about creating headlines and shifting narratives rather than achieving substantial outcomes [7][9]