The past week was filled with significant economic events and market movements. From a billionaire investor’s ominous warning to a controversial tariff’s financial impact, here’s a quick recap of the week’s top stories.
What Happened: Ray Dalio Issues Stark Warning
Ray Dalio, the billionaire investor and founder of Bridgewater Associates, has issued a stark warning about the future of major Western economies. Citing unsustainable debt levels, deep internal political divisions, and rising geopolitical conflict, Dalio warned of “very, very dark times”.
He attributed his own success to navigating such volatility by learning to “diversify” his bets.
Read the full article here.
Trump’s Controversial Tariffs Generate Nearly $350 Billion
President Donald Trump‘s controversial tariffs have become a major revenue stream for the U.S. government, accumulating around $350 billion annually. These tariffs, essentially taxes on imported goods, have become a “significant” source of federal revenue, according to economist Torsten Slok.
This sum represents approximately 18% of annual household income tax payments, highlighting the significant effect of tariffs on the U.S. economy and trade policy.
Read the full article here.
Tom Lee Claps Back At Powell’s Overvalued Markets Warning
Tom Lee, Fundstrat's Head of Research, responded to Federal Reserve Chair Jerome Powell‘s recent remarks about overvalued markets. Lee suggested that such cautious language is typical of the central bank and not a cause for alarm.
He urged investors not to interpret the comments as a warning sign.
Read the full article here.
Trump’s Plan To Boost Fannie Mae, Freddie Mac Shares
President Donald Trump's administration is working to boost the shares of Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp. (OTC: FMCC) before a potentially historic initial public offering. This move could significantly impact the housing finance industry.
Read the full article here.
Gold Nears $3,800 Mark
Gold extended its rally, nearing $3,800 an ounce as robust demand and ongoing economic uncertainty strengthened its safe-haven appeal. Despite the near-record highs, a key survey of institutional investors indicates that a speculative frenzy has not yet taken hold, suggesting the rally could have more room to run.
Read the full article here.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
