RAY DALIO: U.S. ECONOMY IS 2 SEPARATE COUNTRIES NOW, AND ONE IS SCREWED Billionaire investor Ray Dalio says you can't look at the U.S. economy "as a whole" anymore because the gap between winners and losers is too extreme. About 3 million people (1% of the population) in AI and tech are thriving, while the bottom 60% are struggling hard. Dalio: “If you’re looking at, let’s say, the AI world, and really what amounts to about three 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. 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.” The numbers back him up. 22 states are in recession while only 16 are growing. California and New York carry the entire economy on their backs.
- 0 replies
- 0 recasts
- 0 reactions
🎉 I successfully withdrawal 0.1 MON from Monado Twist! This is real, you can try it too! 🚀
- 0 replies
- 0 recasts
- 0 reactions
NFT Sale Reaches $8.83 Billion in 2024, Up by 1.1% from 2023 ChainCatcher NFT sales in 2024 hit a record $8.83 billion, surpassing 2023 by over $100 million, with Ethereum leading the market. December saw sales of $877 million, boosted by Ethereum NFTs.
- 0 replies
- 0 recasts
- 0 reactions