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☆ Ray Dalio says to understand Trump's 2nd administration, you should study how far-right governments in the 1930s worked
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementRay Dalio said Trump's approach to governance was tried by hard-right states in the 1930s. Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration. Advertisement"Think of Gordon Gekko and the perspective he conveyed in his 'greed is good' speech," Dalio wrote of Trump's approach, referring to Michael Douglas' character from "Wall Street," the 1987 film. Dalio wrote that he isn't saying Trump's administration would be fascist or that Trump would behave like fascist leaders. Brandon Bell/Getty ImagesTheir mission, Dalio wrote, is to "create maximum economic strength and fight foreign enemies."

Persons: Ray Dalio, Trump, Donald Trump, Trump's, Elon Musk, Vivek Ramaswamy, Gordon Gekko, Dalio, Michael Douglas, Ramaswamy, Marco Rubio, Tucker Carlson, Steve Bannon, Brandon Bell, Pete Hegseth, Elise Stefanik Organizations: Bridgewater Associates, of Government, Trump, SpaceX, Fox News, Defense Secretary, New York, United Nations, US Senate, Republican, Business Locations: United States, Washington, China

☆ Japan 'going to get caught' in crossfire of U.S.-China trade war, says Rebecca Patterson
▼ + stars: | 2024-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan 'going to get caught' in crossfire of U.S.-China trade war, says Rebecca PattersonFmr. Bridgewater chief strategist Rebecca Patterson joins the 'Fast Money' traders to talk the impact of tariffs, trade policy and more in the upcoming Trump administration.

Persons: Rebecca Patterson Fmr, Rebecca Patterson, Trump Organizations: Japan Locations: U.S, China, Bridgewater

☆ China offers a 'unique diversification opportunity,' says Bridgewater's co-CIO
▼ + stars: | 2024-11-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But China offers a unique diversification opportunity, said Bridgewater Associates' co-CIO. Bridgewater's China hedge fund added local stocks after Beijing's stimulus-driven rally. AdvertisementThis is largely due to lower correlations between different markets as countries turn inward, Prince told the media outlet. They are also lowering correlations across markets, Prince told SCMP. Bloomberg reported in October that Bridgewater's onshore China hedge fund was adding local stocks after a September stock rally following Beijing's aggressive stimulus.

Persons: Asia —, Bob Prince, Prince, SCMP, Ray Dalio, Donald Trump's Organizations: Bridgewater Associates, South China Morning, Reuters, Bloomberg Locations: China, Asia, North America, Europe, Bridgewater

☆ How CNN readers feel about the outcome of the 2024 election
▼ + stars: | 2024-11-09 | by ( Cnn Staff | ) edition.cnn.com time to read: +20 min

CNN —We asked you how you were feeling about the outcome of the election. …” – Ashley in Florida“I feel scared. I’m scared for my trans friends who will find it harder to get their medications. I feel betrayed by the women who voted for him.” – Laura in New York“As a 30-something woman, I’m scared. I’m scared about how many of us turned a blind eye to the misogyny, racism, and hatred of the man.

Persons: CNN —, Jason Lancaster, Trump, ” – Clifford Wayne Irwin Jr, Donald Trump, Harris, ”, Matthew Trovato, Phoenix “ I’m, ” – Matt, …, I’ve, – DaMarcus, Michael Petry, ” – Cameron McClellan, Cassie, ” – Sharon, Kamala, Robin Bridgewater, Texas, ” – Sandra, I’m, ” – Cecilia, … I’m, ” – Marcelino, … She’s, She’s, ” – Ashley, I’ll, I’d, Katie, Jeff Lenhart, … ” – Cara, Colorado, ” – Grayson, ” – Lea, it’s, Mary Clifton, Laura, ” – Meigs, ” – Danny Lopez, ” – Daniel Baca, Sherri Emmons, ” – Andrew Dunlay, ” – Christina, won’t, Tim M, ” – Marcella Anderson, ” – Michael Farris, Rachel Pearl, fearfully, – Visha Rao, ’, can’t, ” – Delaney, Amy, who’ve, ” – Kaylen Garcia, ” – Helen Engle, ” – Sophia Organizations: CNN, Biden, Army, West Virginia “, Trump, Democratic, Republican, America, Immigrants, Cuyahoga Falls , Ohio “ Locations: Anchorage , Alaska “, America, Phoenix, New Jersey, Ocean Springs , Mississippi, – DaMarcus Powell, Biloxi , Mississippi, West Virginia, Beka, Virginia, …, Chapel Hill , North Carolina, Ohio “, Europe, Austin, Michigan, Tennessee, Portland , Oregon, Florida, Connecticut, Iowa, Dubuque , Iowa, Pennsylvania, Colorado “, Texas, Texas “, Salt Lake City , Utah, New York, Orlando, Orlando , Florida, South America, Glendale , Arizona, Maine, Tucson , Arizona, United States of America, Los Angeles, Trump’s America, Cuyahoga Falls , Ohio, Cuyahoga Falls , Ohio “ America, LA, Saratoga , California, Napa , California, Minnesota, Brockton , Massachusetts, Chicago

☆ Billionaire Ray Dalio says people should budget for the basics — and the US faces 3 huge threats
▼ + stars: | 2024-11-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Ray Dalio says identifying your basic needs and ensuring they're covered is key to a happy life. Dalio told a podcast that the national debt, political infighting, and foreign rivals threaten the US. AdvertisementRay Dalio says figuring out your fundamental needs and setting aside enough cash to cover them is key to solving money troubles. Higher inflation and interest rates have made the economy a key concern for voters ahead of the presidential election. Failing to unite the country could result in revolution and subpar management, which Dalio deemed the "greatest risk" from a political standpoint.

Persons: Ray Dalio, Dalio, —, Tom Bilyeu's, you've, They've, Donald Trump, Kamala Harris, who's Organizations: Service, Bridgewater Associates, Bloomberg, Republican, Democratic Locations: China, Russia

☆ Pennsylvania U.S. Senate Election Results 2024: Casey vs. McCormick
▼ + stars: | 2024-11-05 | by ( ) www.nytimes.com time to read: 1 min

Senator Bob Casey, the Democratic incumbent, is an institution in Pennsylvania. His Republican opponent is David McCormick, the former chief executive of Bridgewater Associates, a large hedge fund. Mr. McCormick lost the Republican Senate primary in 2022 to Mehmet Oz.

Persons: Bob Casey, David McCormick, McCormick, Mehmet Oz Organizations: Democratic, Republican, Bridgewater Associates, Republican Senate Locations: Pennsylvania

☆ New president needs an immigration policy that fills manufacturing jobs: Former Bridgewater strategist
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew president needs an immigration policy that fills manufacturing jobs: Former Bridgewater strategistRebecca Patterson, former Bridgewater chief investment strategist discusses what's next for U.S. manufacturing post-election.

Persons: Rebecca Patterson, what's Organizations: Bridgewater Locations: Bridgewater, U.S

☆ Ray Dalio is concerned about America postelection: 'Both candidates worry me'
▼ + stars: | 2024-10-30 | by ( Pia Singh | In | ) www.cnbc.com time to read: +1 min

A postelection America worries U.S. billionaire Ray Dalio, who called for reforms numerous times amid a political landscape strife with what he views as irreconcilable differences between both Democratic and Republican parties. "Both of the candidates worry me," Dalio told CNBC. I think there needs to be a bringing of Americans together, that middle of that, and making great reforms. … There needs to be a strong leader of the middle, I believe, that makes great reforms. Dalio noted that Republican presidential candidate Donald Trump is "a lot more capitalist" than Democratic candidate Kamala Harris, and therefore better for domestic capital markets.

Persons: Ray Dalio, Dalio, Donald Trump, Kamala Harris Organizations: Democratic, Republican, Future Investment Initiative, Bridgewater Associates, CNBC Locations: America, Saudi Arabia

☆ Ray Dalio on geopolitics, the election cycle and his investing outlook
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRay Dalio on geopolitics, the election cycle and his investing outlookRay Dalio, Bridgewater Associates founder, joins 'Squawk on the Street' to discuss the most pressing concerns facing the economy, what investors should know about today's global risks, and much more.

Persons: Ray Dalio Organizations: Bridgewater Associates

☆ Jeff Yass is making a big final splash to help former hedge funder Dave McCormick's Senate campaign
▼ + stars: | 2024-10-25 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Former hedge funder David McCormick has narrowed the gap in a closely watched US Senate race. McCormick's Wall Street allies are among the biggest donors to a pro-McCormick super PAC. Jeff Yass is among the big names making a final splash before Election Day. According to a pro-McCormick super PAC's final pre-election filing, Yass donated $1 million over the course of two donations earlier this month. He's not the biggest megadonor with Wall Street ties.

Persons: David McCormick, Jeff Yass, —, Dave McCormick, McCormick, Sen, Bob Casey, Joe Manchin, He's, Ken Griffin, Thomas Peterffy, Paul Tudor Jones, Stephen Schwarzman, Casey, Donald Trump, Trump Organizations: McCormick, Service, Susquehanna International Group, Wall Street titans, Bridgewater Associates, Democrat, Republicans, GOP, Citadel, Interactive, Keystone, The Washington Post, Trump, Biden Locations: West Virginia, Yass, Pennsylvania, China

☆ China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio
▼ + stars: | 2024-10-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024. Blue | Bloomberg | Getty ImagesChina must employ a "beautiful deleveraging" in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder Ray Dalio at a conference on Friday The billionaire investor defines a "beautiful deleveraging" as a balanced approach to deficits that utilizes debt restructuring along with the printing of money and debt monetization. "That's the real interesting question of China, in terms of how it's approaching its debt issue," Dalio said, speaking at the FutureChina Global Forum in Singapore. Since the end of September, Beijing has announced several waves of stimulus and reform measures aimed at boosting its economy. "I think the changes that are taking place are terrific changes, but you still have to do the debt restructuring," Dalio said.

Persons: Ray Dalio, Victor J, Dalio, That's Organizations: Bridgewater Associates, Bloomberg Television, Blue, Bloomberg, Getty Locations: New York, China, Singapore, Beijing

☆ Election prediction markets are in a sprint to prove themselves as forecasting and investing tools
▼ + stars: | 2024-10-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +7 min

"Things were going okay before the election contracts, but since we put them on the platform there's been a lot more interest," Sanders said. The election contracts on each site are binary, and they pay out $1 if the correct outcome is chosen and $0 for the incorrect outcome. A fifth arena, Polymarket, is a blockchain-based prediction platform that is not open to U.S. customers. If they prove to be accurate over time, the prediction markets may also serve non-traders such as consultants and fundraisers who want to glean more insight into the election. Concerns More ominously, critics of the election markets have raised alarm that they could be moved by one or two big traders for possibly nefarious purposes.

Persons: politicos, Kalshi, Steven Sanders, Sanders, John Phillips, Phillips, Tarek Mansour, Bob Elliott, Ray, Elliott, Polymarket, Nikki Haley, Michelle Obama, Matt Thompson, Thompson, Koleman Strumpf, Cantrell Dumas, Dumas, PredictIt's Phillips, Strumpf, Mansour, We've Organizations: Wall, Interactive, Futures Trading Commission, CFTC, Kalshi, Funds, Bridgewater Associates, South Carolina Gov, Republican, Little Harbor Advisors, Wake Forest University, Better, CNBC, Wake Locations: Iowa, Winston, Salem, N.C, Susquehanna

☆ Any 'manufacturing renaissance' needs to include immigrants, says Rebecca Patterson
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAny 'manufacturing renaissance' needs to include immigrants, says Rebecca PattersonRebecca Patterson, Fmr. Bridgewater chief strategist, joins 'Fast Money' to explain why a manufacturing renaissance might be difficult to achieve in the current economy.

Persons: Rebecca Patterson Rebecca Patterson Locations: Fmr, Bridgewater

☆ Cost incurred from hurricane damages hitting 'low-end consumers' hardest, says Rebecca Patterson
▼ + stars: | 2024-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCost incurred from hurricane damages hitting 'low-end consumers' hardest, says Rebecca PattersonRebecca Patterson, Fmr. Bridgewater chief strategist, joins the 'Fast Money' trading table to discuss the impact of hurricane damage on insurers.

Persons: Rebecca Patterson Rebecca Patterson Locations: Fmr, Bridgewater

Pittsburgh CNN —In the years that Pennsylvania Senate candidate Dave McCormick led one of the world’s largest hedge funds, the firm bet millions of dollars against some of the state’s biggest and most iconic companies, financial filings show. For financial institutions, short positions can be lucrative. The fund shorted about four dozen companies from Pennsylvania during McCormick’s tenure, the records show. The fund did invest in stocks of some of the same Pennsylvania companies it shorted in other years, and overall, it reported spending more money buying stocks of Pennsylvania companies than shorting them in four of the five annual reports reviewed by CNN. She argued that the short positions Bridgewater took in Pennsylvania companies didn’t negatively impact employees because they represented a small fraction of each company’s overall value.

Persons: Dave McCormick, McCormick, “, ”, Kevin Boltz, Democratic Sen, Bob Casey –, Casey, Luke Sharrett, Elizabeth Gregory, Dave, ” Gregory, Bridgewater, ” McCormick wasn’t, Andrew Jennings, Dan Mallinson, “ They’re, ” Mallinson, “ That’s, ” Eric Talley, Talley, I’m, Justin Merriman, McCormick’s, Biden, Bernie Hall, ” Hall, Gregory, Michael M, Eric Hovde of, Tim Sheehy, Bernie Moreno, dogging McCormick, Mallinson Organizations: Pittsburgh CNN —, Bridgewater Associates, The Hershey Company, US Steel, CNN, US Department of Labor, Republican, Hershey, Democratic, Bridgewater, Bloomberg, Getty, McCormick’s, Bridgewater Equity Fund, Labor, Securities and Exchange Commission, Comcast, Penn National Gaming, Emory University School of Law, Penn State, Columbia University, Steel, Japan's, Nippon Steel, Keystone, Nippon, Pennsylvania, United Steelworkers, Senate, Penn Locations: Pennsylvania, Bridgewater, Harrisburg, Pittsburgh, China, Eric Hovde of Wisconsin, Montana, Ohio

☆ Investors slam the brakes on the hottest trade going in the market
▼ + stars: | 2024-10-08 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

But he did not announce any major new plans for ensuring economic health, leaving investors feeling underwhelmed. The iShares MSCI China ETF (MCHI) sank nearly 11%, on track for its worst day ever. The iShares China Large-Cap ETF, for example, soared 33% between Sept. 23 and Oct. 7. Morgan Stanley strategist Laura Wang on Tuesday revised price targets for the major Chinese stock market indexes, suggesting no room for further gains compared with current levels. "Today's press conference at least in the near term reinforces such belief, in our view, and the stock market could see more divergence at individual stock level."

Persons: Zheng Shanjie, Bilibili, Nio, Ray Dalio, FXI, Jeff deGraaf, David Tepper, Morgan Stanley, Laura Wang, Wang, Merrill Lynch, Helen Qiao, Xiangrong Yu, Yu Organizations: National, Reform Commission, CSI China Internet, Billionaire, Bridgewater Associates, Greenwich Economic, Appaloosa Management, U.S . Federal Reserve, Wynn Resorts, Sands, Macau — Locations: China, Greenwich, Greenwich , Connecticut, Beijing, Macau, Tuesday's, U.S

☆ Ray Dalio says investing in China is tricky as Beijing becomes less favorable toward capitalism
▼ + stars: | 2024-10-08 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Billionaire investor Ray Dalio thinks it's still tricky to invest in China right now as Beijing may be seeking to structurally move the country away from capitalism. "There's something big going on that they had a debt crisis and they also had a capitalism crisis. The high-profile investor even said he is raising his usual allocation limit and is not hedging his big China bet. Dalio said he doesn't expected big rate cuts as the economy remains in solid shape. I think the economy by and large right now itself is in relatively good balance," he said.

Persons: Ray Dalio, Dalio, David Tepper Organizations: Bridgewater Associates, Greenwich Economic, CSI, Appaloosa Management, CNBC Locations: China, Beijing, Greenwich, Greenwich , Connecticut

Wall Street's top performers are hard workers who tend to work long, intense hours. Business Insider asked its 2024 class of Wall Street stars about how they stay mentally sharp. Here's what we learned about the hacks, habits, and routines that help top talent on Wall Street stay on their game. The routine helps him stay present with his home life as well as work, he added. But I think those two things help me to at least stay recharged and stay ready each day," he said.

Persons: —, Mark Zhu, Craig Kolwicz, Goldman Sachs, Corey White, Nina Gnedin, Blake Cecil, Chi Chen, Robert Sapolsky, Justin Elliott, Read, Palmer Osteen, KKR's, I've, That's, Daniela Cardona, America's White, Ben Carper, it's, there's, Matthew Eid, Holm, Reinhard Dirscherl, Melissa Ding, Wells, Annie Cheslin, she's, Margaret Williams, Morgan Stanley, Williams, Apollo's Austin Anton, Erica Wilson's, deadlifted, Harrison DiGia, Patrick Lenihan, barre, Elizabeth Stone Redding, Stone Redding, Matt Gilbert, Thoma, Gilbert, I'm, Dan, Feroz Khosla, isn't Organizations: Business, Service, Blackstone, Finance, Goldman, of America, Man Group, Productivity, Bridgewater Associates, Bank of America, Fidelity Investments, RBC, Bank, America's, Jefferies, Capital Advisory, Ares Management, Getty, BlackRock, Blue, General Atlantic, JPMorgan Asset Management, TPG, Thoma Bravo, Citadel Securities Locations: Blackstone, Chicago, San Francisco, Coast, Boston, Silicon Valley, New York, I'm, Maldives, he's, Thailand, Central Park

☆ The top 3 skills you need if you want to land a job in a family office, according to industry recruiters
▼ + stars: | 2024-10-07 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +7 min

Family office employees, in turn, can be paid on par with, or even better than, banking, private equity, and other top finance jobs. AdvertisementBillionaires like Ray Dalio, the founder of Bridgewater Associates, and Google co-founder Sergey Brin have established family offices in the city-state. Family office staff need to learn on the fly — even about racehorses. Managing multiple family membersIn family offices, technical brilliance alone isn't enough to secure a role. Westall shared a story of a family office executive who started as a cleaner while he was in film school.

Persons: —, Ray Dalio, Sergey Brin, Mukesh Ambani, Jack, Paul Westall, Goldman Sachs, Westall, Jimmy Soh, Soh, Pierre Pineau, that's, Pineau, Mike Campbell, there's, who's Organizations: Service, Bridgewater Associates, Google, Business, Agreus, Goldman, AP, Ivy League, Mandoga Locations: Singapore, Hong Kong, Asia, Europe

☆ China’s economy is in bad shape. Can its ‘whatever-it-takes’ stimulus effort turn things around?
▼ + stars: | 2024-10-06 | by ( Juliana Liu | ) edition.cnn.com time to read: +8 min

The stimulus measures should have come far sooner, says Lun, but better late than never. Beijing has largely held back on unveiling fiscal measures, which can include the use of taxation or other measures to impact public spending. Another one trillion yuan may be set aside for recapitalizing banks or helping indebted local governments to issue bonds. Jia said China’s economy had expanded sufficiently since then to support the issuance of Treasury bond financing between four trillion to 10 trillion yuan. Any meaningful stimulus measures must tackle the problem of oversupply in the property market, experts said.

Persons: Francis Lun, he’s, Lun, ”, we’re, Juliana Liu, Ray Dalio, Pan Gongsheng, Li Yunze, Wu Qing, Pan, Jing Liu, it’s, Xi, Jia Kang, Jia, Chi Lo Organizations: Hong Kong CNN —, Index, CNN, Geo Securities, Nikko Asset Management, Bridgewater Associates, National Development Reform Commission, People’s Bank of China, Financial Regulatory, China Securities Regulatory, HSBC, Reuters, Ministry, Finance, Ministry of Finance, China Academy of New, Barclays, BNP, Management Locations: China, Hong Kong, Causeway, Beijing, Renhuai

☆ Insider Today: Consultants hit the exits
▼ + stars: | 2024-10-06 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

This post originally appeared in the Insider Today newsletter. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This week's dispatchHot jobs reportgradyreese/Getty, Tyler Le/BIThe US economy added way more jobs in September than expected. AdvertisementThe jobs report on Friday showed 254,000 jobs added, way ahead of the 147,000 expected, while unemployment dropped to 4.1%. Here's what it all means:Rates: The strong job numbers likely mean a longer wait for lower rates.

Persons: —, Tyler Le, Kamala Harris, Donald Trump, Joe Biden, Harris, Alyssa Powell, Marc Rowan, Apollo, Rowan, Natalie Ammari, Scooping, Van Cleef, Morgan Stanley Organizations: Business, Service, UC Berkeley, Fed, Dow, Deloitte, Accenture, Reuters, Apollo Management, Apollo, JPMorgan Locations: Zegna, Bridgewater

Outside of the ABC27 news station where Casey and McCormick debated, a slew of people aligned with Casey’s campaign held signs calling McCormick an out-of-state candidate. McCormick attempted to deflect the line of attack on the debate stage by arguing Casey has little show for his long career in public office. “When you don’t have a record to run on, which Senator Casey does not, you attack your opponent,” McCormick shot back. When Vice President Kamala Harris replaced Biden as the Democratic nominee, McCormick said Casey quickly changed his tune. “Senator Casey said, ‘Kamala Harris is great!’” McCormick said.

Persons: Democratic Sen, Bob Casey, Dave McCormick, Casey, McCormick, who’s, ”, ” Casey, “, ” McCormick, Mehmet Oz, “ I’m, John Fetterman, Oz, ‘, “ He’s, “ Sen, Joe Biden, Kamala Harris, Biden, ‘ Kamala Harris, ’ ” McCormick, “ we’ll, Harris, …, it’s, Donald Trump, Trump, Barack Obama, “ Casey, Roe, Wade, There’s, ’, “ We’ve, he’s, Daniel Dolan, ” Dolan Organizations: Democratic, Republican, Bridgewater Associates, Senate, White, Trump, NBC, Democratic Senators, Casey, Patrol, Harrisburg Community College Locations: HARRISBURG, Pa, Washington, Pennsylvania, Connecticut, Pittsburgh, Bloomsburg , Pennsylvania, New Jersey, China, New York, Ukraine, Iran, U.S, Israel, Mexico

☆ Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules
▼ + stars: | 2024-10-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Ray Dalio is again promoting the idea that China urgently needs to start a "beautiful deleveraging." In a LinkedIn post on Tuesday, Dalio wrote of what he called a "beautiful deleveraging," or an aggressive, two-pronged approach to solving debt issues. Dalio wrote that Chinese leader Xi Jinping's unprecedented stimulus sparked a "big week" for economic optimism, but it won't be enough. The interest rate cuts would ideally be so drastic that they run below inflation and nominal growth rates, Dalio wrote. If Beijing doesn't start a "beautiful deleveraging," he said, it risks allowing its crisis to drag on and create an "economic and psychological malaise like Japan experienced."

Persons: Ray Dalio, Dalio, —, Xi, They'll Organizations: Service, Bridgewater Associates, Washington Locations: China, Beijing, Japan, US

☆ The US economy teeters after it's hit by a triple threat: Middle East escalation, port closures, and Hurricane Helene
▼ + stars: | 2024-10-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

A dockworkers strike begins. Back in the States, a dockworkers strike could upend an economy finally on the mend. Tuesday morning marked the start of a dockworkers strike that will shutter dozens of US ports that handle about half of all US ocean imports. The Iranian attack was largely thwarted, and the dockworkers strike could be short-lived. That's thanks in part to strong demand in China.

Persons: —, JD Vance, Tim Walz, BI's Brent D, Griffiths, Amir Cohen, Hurricane Helene, it's, Tyler, Paul Podolsky, Kate Capital, Samantha Lee Musk, Jenny Chang, Rodriguez Hey Airbnb, Gen Z, somethings, Critics —, Amazon's, Nicholas Bloom, Eric Adams, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Midwest Nice, REUTERS, US Navy, Bank of America, Northwestern Energy, Bridgewater Associates, Samantha Lee Musk &, mojo, DOJ, Google, BI, Amazon, Stanford, New York City Locations: Israel, Iran, Saudi Arabia, States, Bridgewater, China, Yale, New York, London

☆ A longtime Bridgewater investor is launching a hedge fund. Here's a look inside Paul Podolsky's Kate Capital.
▼ + stars: | 2024-10-01 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Paul Podolsky's Kate Capital is set to start trading on November 1 with roughly $200 million. The manager will be a discretionary global macro fund with 50 to 60 positions at a time. The person close to Kate Capital told BI that it will be a discretionary global macro fund, as opposed to Bridgewater, which invests more systematically. And, like Dalio, Podolsky plans to share his thoughts on the world as he invests. He plans to continue writing when the firm launches, the person close to the firm said.

Persons: Paul, Kate Capital, Tom Bachner, —, Paul Podolsky, Podolsky, Ray Dalio, Kate, He's, FBI James Comey, Dalio Organizations: Mudrick, Service, Business, Mudrick Capital, Kate Capital, Industry, New, New Holland Capital, FBI Locations: Bridgewater, Russia, Soviet Union, China, New Holland

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