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   From: leroysoetoro@americans-first.com   
      
   https://fortune.com/2025/10/27/ray-dalio-america-dependeny-top-workers-   
   industries-fortune-global-forum/   
      
   On the surface, the going looks pretty good in the American economy. Wall   
   Street is roaring, Silicon Valley is booming with potential, unemployment   
   is fairly steady, and GDP is on the rise. A healthy picture, right?   
      
   Wrong, says Ray Dalio. There is now so much variation in the U.S. economy   
   that it can no longer be looked at “as a whole.”   
      
   The dynamic is growing increasingly complex as the nation is becoming more   
   reliant on its most productive industry: technology. While Wall Street has   
   begun to mutter the world “bubble” in relation to valuations, Dalio warns   
   that more widely, the prospects of the majority of workers are now tied to   
   those in a relatively small sector.   
      
   “I think the issue is very much that you can’t look at the U.S. as a whole   
   nowadays,” the Bridgewater Associates founder said at the Fortune Global   
   Forum in Riyadh on Monday. He added: “You have to look at everything in   
   terms of the very, very big differences and how those differences are   
   handled.”   
      
   He explained: “If you’re looking at, let’s say, the AI world, and really   
   what amounts to about 3 million people—1% of the population—leading, and   
   then … the 5% or 10% around them, you have one world that the whole world   
   is dependent on.   
      
      
   “And then you have the bottom 60% of the population.”   
      
   Dalio’s take echoes research released by Moody’s earlier this month.   
   According to the analysis, 22 U.S. states are seeing their economies   
   contract—effectively in a recession. Meanwhile, just 16 are seeing   
   economic growth, while 13 are classified as “treading water.” That said,   
   the states contributing the most to U.S. GDP—California, Texas, and New   
   York—are all in the clear, pushing the overall growth of the country into   
   the green as a result.   
      
   Indeed, Moody’s chief economist Mark Zandi told Fortune the future of the   
   entire U.S. economy is tied to the growth in two states: California and   
   New York. California, of course, because it is home to Big Tech and New   
   York as the financial partner benefiting from its West Coast innovations.   
      
   Dalio continued: “Consider this, 60% of the American population has below   
   sixth-grade reading level. That’s tough, and with that [they’re becoming]   
   unproductive, and because of those things you have a dependency, an   
   extreme dependency.”   
      
   According to the National Literacy Institute, 54% of U.S. adults read   
   below the equivalent of a sixth-grade level, and 64% of our country’s   
   fourth-graders do not read proficiently.   
      
      
   “Is it a bubble? Is it not a bubble? We will debate that, and we’ll   
   eventually find out, but in any case it is in itself an issue.”   
      
   Dealing with the problem   
   Wealth inequality in the U.S.—and indeed in many of the globe’s developed   
   nations—has increasingly diverged over the past few decades. Since 2020   
   the shift in wealth has been heavily toward those at the upper end of the   
   income ladder.   
      
   According to data from the Fed, between 2020 and 2025 the wealth of the   
   entire bottom 50% of the U.S. population has increased by a little over $2   
   trillion. By contrast, the assets held by the top 0.1% have nearly doubled   
   from $12.17 trillion to $22.33 trillion, per latest estimates.   
      
   “The question is, what do [policymakers] do when you don’t have enough   
   money and you have this big wealth gap?” Dalio asked.   
      
   His advice to those in government, he continued, would be to recognize   
   that redistributing wealth is a “very difficult decision to make” with   
   huge implications for the productivity of a nation as a whole. “Deal with   
   it as a mechanical, not an ideological thing,” he added. “And on that   
   basis, what you have is a choice of who’s gonna pay and how are you going   
   to do this?”   
      
      
   Administrations may be rightly nervous about taxing those with larger pots   
   of disposable income, after all, they may be the only ones spending.   
   Analysis, again from Moody’s, showed that working from a basis point of   
   100 (equivalent to spending levels in Q4 of 1999), the top U.S.   
   earners—those in the 96.6% to 100% category—have increased their spending   
   to around 170 basis points, at the time of writing.   
      
   Conversely, low- and middle-income earners have increased their spending   
   to around 120 basis points. That being said, the consumer price index has   
   followed an almost identical trajectory from Q4 2020 to the most recent   
   figures, meaning spending is merely in line with inflation.   
      
   “The U.S. economy is being largely powered by the well-to-do,” Zandi   
   noted. “As long as they keep spending, the economy should avoid recession,   
   but if they turn more cautious, for whatever reason, the economy has a big   
   problem.”   
      
      
   --   
   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)