Welcome to Agora, the Marketplace of Ideas
I'd say the sky's the limit, but how can that be true when there are footprints on the moon. This is your home for bleeding edge tech and macro perspectives with just a bit of philosophy. Contributor: https://s3.news/
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Welcome to Agora, the Marketplace of Ideas
I'd say the sky's the limit, but how can that be true when there are footprints on the moon. This is your home for bleeding edge tech and macro perspectives with just a bit of philosophy. Contributor: https://s3.news/
Ray Dalio, a seasoned global investor, expresses significant concern over the United States’ mounting debt and the current political climate’s inability to address it effectively.
He proposes a “3-part solution” involving tax revenue, spending cuts, and managing interest rates to reduce the budget deficit to 3% of GDP, similar to a successful period in the 1990s.
Dalio warns that without bipartisan cooperation to implement these measures, the U.S. risks a severe financial crisis and a potential shift towards autocratic governance, echoing historical patterns seen in the 1930s when nations faced similar economic distress.
He emphasizes the urgency of action before an inevitable recession further exacerbates the situation.
Agora - The Marketplace of Ideas
Welcome to Agora, the Marketplace of Ideas
I'd say the sky's the limit, but how can that be true when there are footprints on the moon. This is your home for bleeding edge tech and macro perspectives with just a bit of philosophy. Contributor: https://s3.news/
