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Ray Dalio Warns US Debt Per Family Will Rise 85% To $425,000 Over Next 10 Years As House Passes Trump's 'Big Beautiful Bill'
Friday, July 4, 2025 - 4:49am | 824Read More...Billionaire investor and founder of Bridgewater Associates, Ray Dalio, has sounded the alarm on the U.S. fiscal trajectory following the passage of the ‘One Big, Beautiful Bill Act.’ What Happened: In a post on X, Dalio projected that the new budget, with annual spending of $7 trillion...
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Gary Black Counterns Elon Musk's Bankruptcy Warning, Says US Debt 'Fairly Low' At 125% Of GDP
Wednesday, July 2, 2025 - 8:25am | 842Read More...Financial analyst Gary Black, the managing partner at the Future Fund LLC, has issued a bold take on the U.S. fiscal health, likening the nation's debt to corporate debt levels and calling it “fairly low.” What Happened: In a post on X, Black argued that the U.S. debt-to-GDP ratio of...
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Peter Schiff Slams Scott Bessent For Ignoring Trump's Tax Cuts In Moody's Downgrade, Blaming Biden Instead: 'It's Only Lagging In That Moody's Should Have Acted Sooner'
Monday, May 19, 2025 - 8:28am | 663Read More...Economist Peter Schiff has sharply criticized Treasury Secretary Scott Bessent for downplaying the role of President Donald Trump's tax cuts in the recent Moody's downgrade of the U.S. sovereign credit rating, instead pinning the blame on the Joe Biden administration. What Happened: Schiff's...
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The Pain in Spain and the Private Sector Subordination Continues in the Latest Sovereign Bailout
Monday, June 11, 2012 - 9:32am | 613Read More...As the European Debt Crisis has now taken down its fourth nation, now batting .800 or four out of five, let us discuss the bailout that may not be as stellar as originally thought. As I wrote on Friday, a European TARP could not work, and so the question became of what shape would the Spanish bank...
