I read the article. "The World After COVID-19", for my first TeachEcoKnowmics Blog. Billionaire hedge fund manager and founder of Bridgewater Associates LP, Ray Dalio, focuses on many predictions on where the US and its economy is headed in the years to come after Covid. He starts off by listing three of the biggest problems that are forming in the United States and how they will have lasting impacts if not taken care of in a timely manner. One of the problems he talked about that I thought had a big impact from covid in today's world in 2025 is the wealth and values gap problem. The large wealth gap which is much more prevalent now in today’s society leads…
For my third Blog Comment assignment, I read the article “The World After COVID-19” by Jonathan Burton. Ray Dalio, the founder of Bridgewater Associates LP predicts that after COVID-19, the United States will have “mountainous debt that stunts economic growth; fewer opportunities for ordinary citizens to get ahead financially; and a worldwide lack of trust in the U.S. dollar that diminishes Americans’ purchasing power and could lower their standard of living.” With the debt increasing, the government would need to borrow more, increase taxes, and cutting expenses like Medicare, social security, and discretionary budgets. This will have major effects on us, the American citizens, to improve our financial situations, especially since wages aren’t growing as fast as living costs. Additionally,…
I chose to read "Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years". Dalio calls the USA a "75 year old empire", referring to the USD entering world dominance as the global reserve currency in 1944. The now 80 year old currency faces significant challenges in the global landscape. Contending currency bundles like BRICS and CIVETS threaten to corner market share. The USA rakes up debt on its balance sheet. Dalio ultimately calls for domestic investors to consider the strength of DXY when computing returns on investments quoted against the USD.Dalio claims that wealth is not created or destroyed, but rather conserved. Wealth shifts between parties. Foreign exchange…
The article “Billionaire Investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years,” speaks about Ray Dalio, hedge-fund managers, views on capitalism. He says that the capitalist system is unfair and unless it is more evenly distributed, he predicts that U.S citizens will be dealing with “mountainous debt” which will lead to a stunt of economic growth. He also highlgihts that the worldwide lack of trust in the U.S dollar will cause it to lose purchasing power and ultimately lead to a lower standard of living. He is essentially saying that with the way the capitalist system Is now, the U.S might lose its comparative advantage worldwide, and it can…
For my second TechEcoKnowmics Blog "The World After COVID-19", I found this article very interesting because of the impact that COVID-19 had on my life. Millionaire Ray Dailo goes into depth how the United States could be on the verge of problems. The U.S. could suffer tremendously with our debt as the economy grows. Thought-out the article he makes key points on how our currency and power could slowly be demolished.
One statement that captured my attention was “Unless the U.S. takes steps to make systemic repairs designed to provide greater opportunity for more Americans to achieve personal growth and financial security, the consequences will likely be painful for the country.” He strongly believes in turning the economy from capitalism…
This article is truly interesting because it is from the perspective of someone who benefits from the capitalist system. I feel as thought that the issues he was referring to, we are starting to see. America does have a deficit compared to the rest of the world, and currently the U.S is giving large amounts of aid to other countries while it still compiles large debt itself. It is scary to think about the possibility of America being in a state of financial instability. However, the U.S is losing its comparative advantage and we are starting to see the rise of China as a true competitor.
The United States does have a lot to work on internally. If…
I read the article. "The World After COVID-19", for my first TeachEcoKnowmics Blog. Billionaire hedge fund manager and founder of Bridgewater Associates LP, Ray Dalio, focuses on many predictions on where the US and its economy is headed in the years to come after Covid. He starts off by listing three of the biggest problems that are forming in the United States and how they will have lasting impacts if not taken care of in a timely manner. One of the problems he talked about that I thought had a big impact from covid in today's world in 2025 is the wealth and values gap problem. The large wealth gap which is much more prevalent now in today’s society leads…
For my third Blog Comment assignment, I read the article “The World After COVID-19” by Jonathan Burton. Ray Dalio, the founder of Bridgewater Associates LP predicts that after COVID-19, the United States will have “mountainous debt that stunts economic growth; fewer opportunities for ordinary citizens to get ahead financially; and a worldwide lack of trust in the U.S. dollar that diminishes Americans’ purchasing power and could lower their standard of living.” With the debt increasing, the government would need to borrow more, increase taxes, and cutting expenses like Medicare, social security, and discretionary budgets. This will have major effects on us, the American citizens, to improve our financial situations, especially since wages aren’t growing as fast as living costs. Additionally,…
I chose to read "Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years". Dalio calls the USA a "75 year old empire", referring to the USD entering world dominance as the global reserve currency in 1944. The now 80 year old currency faces significant challenges in the global landscape. Contending currency bundles like BRICS and CIVETS threaten to corner market share. The USA rakes up debt on its balance sheet. Dalio ultimately calls for domestic investors to consider the strength of DXY when computing returns on investments quoted against the USD. Dalio claims that wealth is not created or destroyed, but rather conserved. Wealth shifts between parties. Foreign exchange…
The article “Billionaire Investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years,” speaks about Ray Dalio, hedge-fund managers, views on capitalism. He says that the capitalist system is unfair and unless it is more evenly distributed, he predicts that U.S citizens will be dealing with “mountainous debt” which will lead to a stunt of economic growth. He also highlgihts that the worldwide lack of trust in the U.S dollar will cause it to lose purchasing power and ultimately lead to a lower standard of living. He is essentially saying that with the way the capitalist system Is now, the U.S might lose its comparative advantage worldwide, and it can…
For my second TechEcoKnowmics Blog "The World After COVID-19", I found this article very interesting because of the impact that COVID-19 had on my life. Millionaire Ray Dailo goes into depth how the United States could be on the verge of problems. The U.S. could suffer tremendously with our debt as the economy grows. Thought-out the article he makes key points on how our currency and power could slowly be demolished.
One statement that captured my attention was “Unless the U.S. takes steps to make systemic repairs designed to provide greater opportunity for more Americans to achieve personal growth and financial security, the consequences will likely be painful for the country.” He strongly believes in turning the economy from capitalism…