FT

weasler7

I only read financial news from sources you pay for. So like WSJ and FT, maybe Bloomberg. If you think of the incentives, free sources have fewer incentives for journalism and just want those clicks.

BigIce7944

NVVE 

BigWarning8696

For what its worth, I am an Optometrist, maybe was is a better description since I trade FT now. I've looked into the company a bit, their product to take care of old-age near blur (presbyopia) is similar to Viuty, which has been around for a couple years and never really gained much traction. The problem with all these meds is that it doesn't fix the problem (lens stiffening over time), it just masks the symptoms (by constricting the pupil). There actually is a small Japanese company that is targeting the softening of the lens but is many years away from commercialization.

yushey__

What’s better - $160K full-time or $110/hr contracting (INC) in Toronto? Got two offers and trying to figure out which makes more sense financially and career-wise. • Option 1: Full-time – $160K base, decent benefits, RRSP match, PTO. • Option 2: Contracting (through my corporation) – $110/hr, 40 hrs/week, 6-month renewable. • Location: Toronto, Ontario. • No kids, already incorporated, and I can expense some stuff. Once you factor in taxes, CPP, vacation, benefits, and downtime between contracts — which route actually comes out ahead? Anyone here gone from full-time to contract or vice versa and can share what the real-world difference feels like? both are fully remote. My current base FT is 130k. So both of these are upgrades. But need help deciding.

2020isgreat

# Meta chief AI scientist Yann LeCun plans to exit to launch startup, FT reports

fudge_mokey

According to the FT source, 70 percent of the O’Connor fund with exposure to First Brands is expected to be monetized by year-end. In addition, a «High Grade» invoice finance fund that had no exposure to First Brands will also be liquidated. The total assets of this fund, amounting to around $600 million, are to be liquidated by the end of the year. In the financial industry, concerns about corporate financing, insolvencies, and bad debt have been increasing. Since many of these debts are securitized in various financial instruments, the effects can be far-reaching. https://www.finews.com/news/english-news/70057-ubs-o-connor-frist-brands-fonds-liquidation-swiss-banking-finance-place-2 the interesting piece is why the second "high-grade" fund that had no exposure to first brands is being liquidated. "high-grade" is basically supposed to mean there shouldn't be losses for the fund. it might be because investors aren't so confident in the "high-grade" rating and were spooked into asking for their money back

im_burning_cookies

Fuck Reuters with these fake ass articles. “ 3 people close to the matter” “an nvda spokesman said” I swear they have AI scanning and throwing together stories. Nyt, and FT also

sailortyx56

Yesterday Jensen: "China is going to win the AI race,"-FT Today The US is set to announce a ban on sales of Nvidia's scaled-down AI chips to China.-Bloomberg

TollTroll

Watch this interview between the FT and the greatest minds in AI and tell me the financial press aren't totally out of their depth. Imagine seeing this and not immediately cancelling your FT subscription and full porting NVDA. That interviewer is a stone cold moron. [https://www.youtube.com/watch?v=0zXSrsKlm5A](https://www.youtube.com/watch?v=0zXSrsKlm5A)

lOo_ol

*"several hours after the FT published its report, Nvidia issued a separate statement from Jensen on an official X account: “As I have long said, China is nanoseconds behind America in AI. It’s vital that America wins by racing ahead and winning developers worldwide,”* That's your idea of softening? Sounds like doubling down.

2020isgreat

FT Exclusive: Jensen Huang has warned that China will beat the US in the artificial intelligence race, thanks to lower energy costs and looser regulations.

Jumprdude

Does anyone have access to FT and does it contain the exact sentence Jensen said? Let's just say I don't trust media reporting to not take things out of context, or sensationalize headlines. For instance, was there an "if" implied anywhere in whatever Jensen's take is?

KittyLover-7

He told the Financial Times he attributes China’s potential victory to its more favorable regulatory environment and lower energy costs. Speaking on the sidelines of the FT’s Future of AI Summit, Huang criticized the western approach, describing it as “cynicism” that hampers progress. So basically this is an overreaction and a buy the dip moment whilst articles get their clicks

AggieDem

FT reported Jensen as said China will win the AI race.

LanceX2

I have a FT job and 2 kids. I dont know or wont research enough to pick stocks and I think I would get anxiety over movements in singular picks

puts_every_day

"The price declined on the realization of more people that 🥭 has serious mental issues" - FT

ReporterLong3384

Read an article in the FT last month on GPU pricing. The conclusion was that the price charged for renting GPUs is below the price needed to break even on depreciation. Assuming constant utilisation and economic lifespan of 5 years (big ifs). All the talk about capex creates some flashy headlines, but it’s just a matter of time before the focus shifts from capex to depreciation.

ImprovementSoft912

Watch the FT video in his kitchen from a few months ago and your question will easily be answered. Spoiler alert: He should stock up on black turtlenecks.

CryptoThroway8205

Tomorrow: "Open AI invests 100 billion into FT"

YouCool7474

Fortune minerals (FT) its gonna happen this week!

Gorm_the_Old

Yes. [The Financial Times](https://www.ft.com/content/5f6f78af-aed9-43a5-8e31-2df7851ceb67) is doing the work. If the FT is laying out exactly how circular these deals are and how much the big tech companies are reliant on vague promises from OpenAI, then Wall Street can't possibly pretend that no one sees it.

jerk1

It is not a concern jfc. It is a good thing when a business has so much demand for their services that they have to spend money expanding. Demand for AI across the industry is far greater than supply. They're booked for years into the future. Their continuing service obligations are greater than ever. Meta is charging more for their ads than ever before and selling in greater quantities than ever before. I am so sick of hearing this "uuuh i dunno they're spending a lot on ai which the FT told me is fake and ghey!" Shut up. They've been saying that for years and have been verifiably wrong for years. You dumb piece of shit.

TellMoney5802

https://preview.redd.it/n8q69ysumjyf1.png?width=1336&format=png&auto=webp&s=502645ef316c461add4c722fdae559104bc1f4cd This was in the FT today lol

LessAd8017

This makes sense. I don't have trader brain because I do not do this FT all day every day.

AgentWolfX

I like the FT lady

Recent_Register_2952

BREAKING: Short sellers are on track for their worst year since 2020, and they are blaming retail investors, per FT Lolol get fucked

semicolon

That's fair. I assume the market doesn't need any new reasons to go up, since what is not priced in is the upside of the OBBBA. There is an enormous amount of irrational negative press pandering to liberal readership, as well as the chaos created by T-Bone's tweets, and these factors depress would should be an 45 degree arrow up and to the right. So when these factors let up for a moment, the underlying strength of the market manifests. But come to think of it, due to the lack of data and general uncooperativeness of the Fed, what ought to be a foregone conclusion still does have a little bit of doubt. Especially because Bloomberg/FT-reading investors are convinced that everything is about to fall of a cliff. I read those things too and they've been singing the same tune literally for years.

semicolon

Bloomberg and FT are physiologically incapable of presenting good news as good news.

Dramatic-Load-6569

For those wondering about QQQ proxy voting I had posted a comment on another forum last week, but figured worth posting this great summary from the FT today. https://www.ft.com/content/83e5a62f-3c94-4c96-97ca-c07e79935322 Invesco doesn’t make money on QQQ given how it was originally structured which is a case for several of the OG ETFs. They only make marketing dollars to spend on the product. They are looking to get votes to convert it from a Unit Investment Trust to a Registered Investment Company which will allow them to charge a management fee.

MillionBEAR_

China has rewired its financial system, allowing it to trade globally without relying on the US dollar, per FT

Njagos

My broker doesn't show DVLT as available (EU), but that company sounds so bullshit. Hitting all the buzzwords AI, web 3.0, blockchain They are bleeding money, and they are just trying to ride the AI hype. Wish I could buy puts on them, but yeah.. (I only got a glimpse of the basic company info and financials from FT, so feel free to prove me wrong. After all this bynd bullshit Im happy to learn)

Affectionate_Arm_512

TRUMP JR-LINKED DRONE COMPANY WINS PENTAGON CONTRACT UNUSUAL MACHINES WINS ITS LARGEST-EVER PENTAGON CONTRACT: FT Anyone playing this?

TablePretty1011

BYND 

CycleApprehensive539

u sure? I'm looking to fill a FT position. I don't deal with part time subscription or ppm. Nope!!

burningmuscles

The expensive option I would personally love a [FT.com](http://FT.com) subscription, but £200-300 a year, nah.

TonyStarks81

Knew a guy who started investing in Tesla during the pandemic. He quit his job and was skateboarding during the day and “trading” from time to time. Said he would never have to work again. Ran into his a few years later when Tesla was back in the 100s and he was looking for a FT job anywhere. Life comes at you fast.

Babajji

It wasn’t the Orange Scourge this time around. It was the other group of idiots - private equity/credit. The FT calls them “credit cockroaches” now 🤣

United-Hearing-8286

Lol U.S. Treasury’s Bessent has called the China trade negotiator “disrespectful” and “unhinged," per FT

Canamerican726

It's worth reviewing who is investing in gold to build out an analysis: [https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/](https://www.statista.com/statistics/274684/global-demand-for-gold-by-purpose-quarterly-figures/) Central banks increasing gold holdings is certainly at least partially the debasement trade. FT reported that Morgan Stanley even recommended moving from 60/40 equity/bond to 60/20/20 equity/bond/gold - probably at least because the opportunity cost of carrying gold vs. fixed income gets lower as rates reduce. If major institutional investors follow that (for debasement or other reasons) - especially wealth-protecting strategies like pensions, that could trigger more inflows. Everything is volatile AF though. Buying Gold is definitely not a perfect bet, or a perfect 'set it and forget it' risk hedge. Just saying the reasons behind the surge are... interesting.

Kaeptor

JUST IN: Scott Bessent has reportedly asked the world bank to end support for China, per FT

NotGucci

>OpenAI makes five-year plan to meet $1 trillion spending pledges, FT reports Next 5 years will be glorious for bulls

julian_jakobi

Great I hear your story. Understood, this was listed as one of the fastest growing companies in the Americas by the FT. Hickey stock revenue growth - but the share price hardly reacted. Clyra will dwarf the success POOOh had at peak. I expect a big reaction when profitability will hit next year, A battery factory contract will be signed or the AEC will get wider adoption. As I said above - a combination of those should skyrocket the market cap above $1 Billion - or what am I missing ?!? 🤷🏼‍♂️

Great_Molasses_4601

 DFLI gang

BarracudaStill1960

"OpenAI makes five-year plan to meet $1 trillion spending pledges, FT reports"... so when do they become profitable? 50 years?

Financial_Emu_1591

FT the real Canadian rare earth beauty

Remarkable_Scheme888

Bro trying to trade FT with 14K LOL ok bro

AdhesivenessCivil581

It's always projection with republicans. Bessant tells the FT that struggling China wants ‘to pull everybody else down with them"

MillionBEAR_

Scott Bessent says that China is trying to damage global economy, per FT

MillionBEAR_

Scott Bessent says that China is trying to damage global economy, per FT

graylocus

I have a limit buy on FT. Hopefully, it dips for a brief moment. A brief moment only.

cafedude

Plenty of people were out there calling the housing bubble in early 2008. Plenty of people were out there calling a tech bubble in 2000. I recall being on a flight circa mid 2000 reading an article in, I think it was FT, showing a chart of where they thought things were headed in tech. There would be a big crash followed by several years of stagnation in tech stocks - that's exactly what happened. I recall that in late 2000 we were giving offers to college students who were going to graduate that next spring (software engineering jobs), these were offers made after only a phone interview. I remember asking my boss why we were doing that and he said "If we don't, we won't get them, someone else will hire them" and I distinctly recall saying: "I have a feeling that by the time May rolls around we these offers will have been rescinded". And I was right. And then a few months after that there were layoffs in our group.

mikeylikesit47

Time to fund miners in North America! I strongly recommend Fortune Minerals ($FT $FTMDF). China controls 80% of Bismuth, and FT's asset has the largest known reserve. Bismuth is a lesser known critical mineral, but it's in huge demand for things like nuclear cooling, pharmaceutical, and semiconductors. The same asset has over a million ounces of gold which makes for an EXCELLENT hedge.

ihadtomakeanewaccoun

In Canada it's [FT.TO](http://FT.TO) or T.FT depending on where you look.

grungeehamster

Try FT

elsebe777

GPUS is going to explode again. $30m debt reduction + $100m BTC treasury planned. Their market cap is just $12m, do the math 

wanmoar

There was an FT piece yesterday about the SPY losing 37 billion in fund last month. Recent enough?

some-another-human

I had no clue the Korean markets had such a strong rally this year. Your post from ~1 years ago was one of the top search results. Congrats on being right. (Also, what do you even read to anticipate macro stuff, FT? WSJ?)

elsebe777

TNMG hold to the MOON!! 

Bullbythehorns25

$ADAP 

DrSugarmann

ATON. Holy moly.... 

D74248

To be clear, I don't work there, nor do I have enough money that they would want to talk to me. But in these situations, there can be several things at play. Exclusivity has a value in and of itself. Ferrari could sell a lot more cars next year than they will, but the brand's value comes from being exclusive. And people just don't want to pay. At least very few do. How many posters on this sub subscribe to the WSJ? The FT? The Economist? We are awash in information, so very few are willing to pay for it. But the sea of information has been polluted with garbage. And I will stop there because it could become a long rant! And this old man yells at enough clouds.

GneissFrog

No one is talking about bitcoin? Bloomberg, MSNBC, FT, Reuters, CNN, NYT, WSJ... every outlet talks about it every single day. Not sure if you've been living under a rock, but regular segments on crypto are now part of every major broadcast and publication. I don't think your play is all that stupid, but your justification for it certainly is. Good luck though.

Apprehensive-Card552

Really great point. Brendan Greeley at the FT has some great things to say about the risks of a deflationary currency.

00Anonymous

FT

dqdg

How top hedge funds can pay traders $100mn - FT Can you imagine being so good at picking stocks, someone will pay you 100 million?

TollTroll

I watched the revisions to a Reuters article roll in on CS research. The original article was good, objective, simply reporting that an AI data center company had landed a big contract with a mag 7 company. Then with each revision they inserted more and more scaremongering about a "bubble" and the "overheated/overcrowded" ai trade, the "circular economy" of the AI companies, etc. There is not a single commentator in mainstream media from Bloomberg to WSJ to FT who is capable of/allowed to talk about tech these days without making sure to instill some baseless fear into the reader. If you haven't noticed this ubiquitous prejudice yourself, you need to work on your media literacy. They are scaremongering so hard it shocks me, and I have always hated these "journalists" with every fiber of my being. The shamelessness and rote mechanical overconfident regurgitation of vibes presented as facts would give chatgpt a run for its money. That is why I remain extremely bullish on AI. Because if you have a relevant education (where my unemployed sw devs at?) you know it's not hype. But if you can't tell coreweave from pets\[dot\]com and can't be bothered to research what is actually happening in the industry, then it's all hype and nothing more as far as you know. But people like that should be ignored, no matter how loud they are. And they never shut up around here. Reddit hates AI because Reddit is comic-con 24/7/365, enamored of the dumbest pop culture bullshit and dignity-free fandom as though it were high culture, and will go to bat for every schlockmeister "creative" who's about to get steamrolled by automatic schlock generating robots like every one of them was Asger Jorn or some shit.

No_Aerie_2717

Lets go! 

FluorescentCheddar

FT is a gloryhole for small Chinese cock.

SmoothMention8423

AI infrastructure is the rage right now. Read a couple articles on FT or on Fidelity. My investments doubled in 5 years so now I'm dumping thousands in there right now knowing that AI is just beginning.

demo112358

The FT thinks EA can use AI to make cost savings across game development: [Financial Times](https://www.ft.com/content/be980240-13ec-498c-ba79-71eada30d133)

PenguinnBets

u/CondescendingCarlito, u/Freedom5567 ... this is it ! The moment that we have been waiting for. Congrats !... Here we go again for the 2nd day. 

ApprehensiveStick362

Stocks are only down because ESPN has yet to name Molly’s replacement on FT

leeuwvanvlaanderen

We’ve had months of bad jobs data though. We’ve had lots of articles from reputable sources (FT etc) pointing out that if it weren’t for AI spend US GDP wouldn’t have grown in the last year. It’s there for all to see.

Cut_Copies

Glad I held my gold but pissed some asshole in the FT comments section convinced me to sell my silver 3 months ago. Fuck.

Beginning-Art7858

the FT didn't report that as far as I can see; this is odd

kylestoned

>Per FT: US offers financial lifeline to Argentina’s Javier Milei So much for America first lol.

Bullbythehorns25

ADAP 

callsonreddit

Google isn’t kidding around about cost cutting, even slashing its FT subscription [https://finance.yahoo.com/news/google-isn-t-kidding-around-052549029.html](https://finance.yahoo.com/news/google-isn-t-kidding-around-052549029.html)

VyseTheFearless

From wiki: “The Financial Times and the BBC called into question several claims that had been made by Wagner during his tenure as CEO. Powa's self-proclaimed 2014 valuation of $2.6 billion was investigated and FT Alphaville concluded that £75 million was a more accurate figure. Most of the partners that Wagner claimed had signed deals with Powa were found to have instead signed non binding Letters of Intent that did not carry any obligations”

cinJESUS

where do yall get ur financial news? Barron’s, WSJ, FT, or CNBC?

cinJESUS

Barron's > WSJ = FT

callsonreddit

Beijing drops Google probe, shifting focus to Nvidia in US trade talks, FT reports [https://www.reuters.com/sustainability/boards-policy-regulation/beijing-drops-google-probe-shifting-focus-nvidia-us-trade-talks-ft-reports-2025-09-18/](https://www.reuters.com/sustainability/boards-policy-regulation/beijing-drops-google-probe-shifting-focus-nvidia-us-trade-talks-ft-reports-2025-09-18/)

Necessary-Warthog-17

Nvni 

FluorescentCheddar

The joke is that China bought Nvidia chips in the first place. FT is a shill for the Chinese government, I wish I could get my subscription refunded.

ebfeebfe

\*CHINA TELLS TECH COMPANIES TO STOP BUYING NVIDIA’S AI CHIPS: FT I shouldn't have hedged my calls on NVDA with otm calls on NVDA.

jnas_19

China's Internet Regulator Orders Major Tech Firms To Halt Purchases Of NVIDIA's AI Chips CHINA TELLS TECH FIRMS TO NOT BUY NVIDIARTX PRO 6000D CHIPS: FT

FluorescentCheddar

I can't wait for my subscription to the FT to expire

Ziilot147

Yeah, sure buddy, i dont where you did your DD, but: [https://en.wikipedia.org/wiki/Dan\_Wagner](https://en.wikipedia.org/wiki/Dan_Wagner) "Powa Technologies In February 2016, the [Financial Times](https://en.wikipedia.org/wiki/Financial_Times) reported that the company had missed payments to staff and third parties,[^(\[18\])](https://en.wikipedia.org/wiki/Dan_Wagner#cite_note-18) two years after raising substantial sums in investment. After the collapse of Powa Technologies, a series of articles by The Financial Times and the BBC called into question several claims that had been made by Wagner during his tenure as CEO. Powa's self-proclaimed 2014 valuation of $2.6 billion was investigated and [FT Alphaville](https://en.wikipedia.org/wiki/FT_Alphaville) concluded that £75 million was a more accurate figure." He already sunk a few companies into the ground and not paid his employees....

Scontern

This sub is more informative than WSJ and FT put together

joe4942

According to the FT article: > The spokesperson declined to state a figure for the planned tariffs but people familiar with the situation said the US had proposed levels of between 50 and 100 per cent. https://www.ft.com/content/51ea9210-078f-42d7-a4ba-5ad985902761

jnas_19

US To Urge G-7 To Impose Tariffs On China, India Over Russian Oil - FT

MitchCurry

Figure Technology Solutions (legally known as FT Intermediate) had an initial IPO range of $20-$22. It's final price came in at $25. Mike Cagney, the founder and CEO of Figure and former founder and CEO of SoFi who was fired due to an illicit relationship and skirting risk and compliance rules, told CNBC today that he thinks Figure will become a Mag7 of web 3.0 and that he intends to quickly follow today's IPO with a second version of the IPO but this time on blockchain, thus bypassing NASDAQ and DTCC. He said the ability to hold equities on the blockchain "is, single-handedly, going to cause more disruption than any technology ever has before." Meanwhile, people over on StockTwits are making believe they're going to file a class action lawsuit against RobinHood because their requested IPO allocation wasn't filled in full. The amount of retail investors gambling on IPOs who have absolutely no idea how the process actually works is quite something.

Recent_Register_2952

The FBI said it has seen a 300 per cent year-on-year increase in victim complaints “referencing ramp and dump stock fraud," per FT

paloaltothrowaway

Per FT, $291bn is calculated using after-hour stock price already 

weasler7

They are. It's one of the primary things that the fed has to balance in choosing to cut rates this month. If the media outlets you are consuming are not discussing this, you need to find new ones. WSJ and FT are good sources.

JumpWhich1698

Should I liquidate taxable brokerage accounts to purchase my first house? I'm 21 Y/O, currently in my final semester of college, while working FT in Finance for the past \~2 years. I have about \~$55K saved up in a taxable brokerage account, and make $60K a year. This past year I've been looking at purchasing my first home, as something about renting does not appeal me whatsoever, as it seems like it'd just be blowing money. I still live at home with my family, so have never paid rent / had the normal living expenses. I have 0 debt, and am able to save almost all of my income. I'm very, very intentional with my money. I don't spend where I don't need to, some call me frugal. I live in a LCOL area in the midwest, and am looking at a home in the $150-170 thousand range. Ideally, I'd like to put down 20% to avoid PMI. Am I in the wrong mindset of thinking about liquidating my brokerage accounts in order to fund the down payment of my first home? I understand a rather large tax bill would hit as a result of the capital gains. Part of me is all in, while part of me thinks its rather dumb to lose all of the compounding interest on my investments. TIA

Few-Chemist-3463

Considering Apple and Broadcom aren't even in production of their potential chips, it's way too early to discuss them going at it alone in the future. Regardless, it's my belief this story is in the early innings, FT reported tonight that Broadcom & OpenAI will launch their first chips together in 2026. And future announcements of more partnerships are sure to come... most are only speculated at the moment as AVGO does not name their clients. https://www.reuters.com/business/openai-launch-its-first-ai-chip-2026-with-broadcom-ft-reports-2025-09-05/ https://g.co/gemini/share/a110306de1ce (Gemini response to Marvel partnership)

Remarkable-Drive3503

Sometime this week...Bloomberg / FT is going to run some story about US SC mulling over tariff legality. Some BS about dissenting voices, blah blah 50% coin toss etc etc. Then we gonna see ape buying. SPY shoots back to 645. Who knows if it'll hold, but it should shoot up temporarily on hopium. Dip buying mood is definitely there!

MitchCurry

Figure Technology Solutions (legally FT Intermediate) looking to come public with \~26MM shares at a range of $18-$20/sh which is a MC of \~$4.5B on FY24 revenue of $341MM with operating profit of $9MM. What do they do? According to Claude, "In simple terms, Figure Technology Solutions is a financial technology (fintech) company that makes getting loans easier and faster using blockchain technology."

IMSLI

**US sliding towards 1930s-style autocracy, warns Ray Dalio** *Billionaire hedge fund boss says other investors are too scared of Trump to speak out* [https://www.ft.com/content/b86bd33b-b3e7-4485-8b1c-6f01e639dd04](https://www.ft.com/content/b86bd33b-b3e7-4485-8b1c-6f01e639dd04) Hedge fund billionaire Ray Dalio has warned Donald Trump’s America is drifting into 1930s-style autocratic politics — and said other investors are too scared of the president to speak up. The Bridgewater Associates founder told the Financial Times that “gaps in wealth”, “gaps in values” and a collapse in trust were driving “more extreme” policies in the US. “I think that what is happening now politically and socially is analogous to what happened around the world in the 1930-40 period,” Dalio said. State intervention in the private sector, such as Trump’s decision to take a 10 per cent stake in chipmaker Intel, was the sort of “strong autocratic leadership that sprang out of the desire to take control of the financial and economic situation”, Dalio said. His comments to the FT mark a rare criticism of Trump by a prominent financial figure, despite mounting private alarm at the president’s policies among some Wall Street’s investors. “I am just describing the cause and effect relationships that are driving what is happening,” he said. “And by the way, during such times most people are silent because they are afraid of retaliation if they criticise.” Dalio, who is among the US’s best-known macro hedge fund investors and turned Bridgewater into a $150bn powerhouse at its peak, also warned about the threats to the Federal Reserve’s independence days after Trump launched an unprecedented move to sack one of its governors. Trump also recently nominated a close ally to fill a vacancy on the Fed’s board, a critical step as he pushes for fast and deep cuts to borrowing costs. Dalio said a politically weakened central bank, pressed to keep rates low, “would undermine the confidence in the Fed defending the value of money and make holding dollar-denominated debt assets less attractive which would weaken the monetary order as we know it”. International investors had started shifting out of Treasuries into gold, he added. Dalio said he also believes many years of big deficits and unsustainable debt growth had brought the US economy to the brink of a debt crisis, although he noted “presidents from both parties” had overseen a worsening situation before Trump’s latest fiscal plan. “The great excesses that are now projected as a result of the new budget will likely cause a debt-induced heart attack in the relatively near future,” he said. “I’d say three years, give or take a year or two.” Dalio, the author of Principles for Dealing With the Changing World Order and How Countries Go Broke: the Big Cycle, has long been vocal in warning of the debt threat posed to western economies. He likened the US to a body’s circulatory system clogged with plaque as the debt service payments squeeze out other spending. He said Washington is spending about $7tn a year while raising only $5tn in revenue — an imbalance that would force massive new debt issuance just as investors question whether Treasuries are “good storeholds of wealth”. He added: “The demand for debt will unlikely keep up with the supply.” The Fed would face a stark choice as the market began doubting the US’s fiscal credibility, Dalio added. “Allow interest rates to go up and have a debt default crisis, or print money and buy the debt that others won’t buy.” Both paths would hurt the dollar, he said.