Latest news with #Bridgewater
CNBC
10 hours ago
- Business
- CNBC
Rebecca Patterson: Biggest earnings takeaway is that consumer is holding up
Rebecca Patterson, Bridgewater former chief investment strategist, joins CNBC's 'Squawk on the Street' to discuss her reaction to earnings so far, outlooks on Federal Reserve independence, and much more.
Gulf Insider
18 hours ago
- Business
- Gulf Insider
Ray Dalio Urges 15% Portfolio Allocation to Gold and Bitcoin
Veteran asset manager Ray Dalio has advised investors to allocate at least 15% of their portfolios to gold and Bitcoin, amid increasing risks in bond and equity markets. Speaking on The Master Investor Podcast, the Bridgewater Associates founder argued that macroeconomic risks concerning rising government debts—in the U.S. and elsewhere—have not been priced into markets, which may eventually face a significant fall. The U.S. Government is 'is spending 40% more than it takes in, and it can't really cut its spending,' Dalio said, adding that, 'it's accumulated a debt that's six times the amount of money it takes in […] and in interest payments that is $1 trillion per year, which is half [its] budget deficit.' Dalio also went on to explain that the U.S. Government can pay its debts only by issuing more debt, and by 'the central bank [the Federal Reserve] printing the money.' This has created a situation where markets may become increasingly spooked, with Dalio suggesting that a trigger for a big crash could be another significant round of quantitative easing, or the Government taking control of the Federal Reserve. Signals of such events are beginning to 'flash or flicker,' according to Dalio, who also makes similar arguments in his recently published book, 'How Countries Go Broke.' Because such risks are not priced into markets, Dalio is advising investors to allocate at least 15% of their portfolios to gold or Bitcoin, which could serve as hedges against fiat currencies and cash equivalents (such as bonds). The investor suggested that he is 'strongly preferring' gold over Bitcoin, adding that he doubts any central bank would take the cryptocurrency on as a reserve currency, 'because everybody can understand and watch who is doing what transactions on it, so there's no privacy to it.' Dalio also argued that there are 'doubts' over whether 'the code can be broken' or whether Bitcoin's protocol could ever be changed to make it 'less effective' as a store of value. Given these concerns, the veteran asset manager explained that gold outweighs Bitcoin in his portfolio, saying, 'I have gold and I have some Bitcoin, but not much.' Such caution regarding Bitcoin is a common sentiment among more conventional investors and investment advisors, with AJ Bell's Head of Investment Analysis, Laith Khalaf, telling Decrypt that investing in BTC in the face of economic fears is akin to 'jumping out of the frying pan and into a red hot fiery pit.' While Khalaf affirmed that investing in Bitcoin is 'fine' if investors are allocating only small portions of money they're prepared to lose, he also argued that gold—which can also be volatile—is a 'more solid anchor' in the face of potential risk. 'Gold is a much preferable diversifier to Bitcoin, as it tends to increase in price when risk aversion is high,' he said. 'It can be a useful insurance policy for a portfolio, but importantly held alongside shares and bonds to achieve a balance of risk and reward.' On other hand, some experts highlight that gold can carry more risk than often advertised, with cryptocurrency analyst and author Glen Goodman telling Decrypt that certain periods of history were difficult for the metal. 'There's no denying Bitcoin's price volatility, but let's not forget anybody who bought gold during the inflation crisis of 1980 and held it for twenty years lost 85% of their money in real terms during that period,' he says. 'Gold didn't start recovering until the turn of the millennium.' Also read: The Dead Don't Spend Bitcoin: How to Set Up a Crypto Inheritance Plan (Before It's Too Late)
CBS News
a day ago
- Sport
- CBS News
Massachusetts school district nearly doubles athletic fees to $600 per sport
Parents everywhere know it costs an arm and a leg to feed teenagers, and for Bridgewater-Raynham families, if their teens play a sport, they're about to spend almost double. "Both towns went out for an override and unfortunately failed in both communities. These are some of the unfortunate consequences now of a failed override we're having to face as a reality," explained Superintendent Ryan Powers. It's now going to cost $600 per student per sport - up from $360 before. The family cap has been eliminated, meaning it'll cost families thousands if siblings play multiple sports. "She's played volleyball, she's played soccer, she's played all different sports. It's going to discouraging if we don't get to see her play this year. I guess they're just going to have to cut back and decide which is their most important sport to play," one mother said. Students who play sports aren't the only ones impacted; these changes to the athletic fees are in addition to big cuts inside the classroom. "We're down about 20 positions at the high school. We're down about 40 electives from the past year. We essentially wiped out our entire business department, really preparing them not just for college and career but basic life skills about personal finance," Powers added. Powers said recent enrollment has increased by about 100 every year, filling middle and high school classrooms with up to 35 students. Parents worry these changes could mean less attention from teachers, and less time being physically active. "A lot of this is an outlet for kids, which is huge. Whether it be socially, mentally. That hurts a lot of kids hoping to get scholarships for college," a father said. Powers explained middle and high school sports and extracurriculars cost the district almost a million dollars. That breaks down to about $900 per student per sport, but the agreed upon $600 is to try to keep kids on teams without taking more resources from classrooms.
CNBC
a day ago
- Business
- CNBC
Former Bridgewater CIO Rebecca Patterson: Biggest earnings takeaway is that consumer is holding up
Rebecca Patterson, Bridgewater former chief investment strategist, joins CNBC's 'Squawk on the Street' to discuss her reaction to earnings so far, outlooks on Federal Reserve independence, and much more.
Miami Herald
5 days ago
- Entertainment
- Miami Herald
‘Deeper than football': Northwestern rallies behind suspended coach, Teddy Bridgewater
The scene outside of Miami Northwestern Senior High School on Thursday evening resembled a high school reunion — alumni dating back to the Class of 1970 donned blue and yellow t-shirts, passing out water bottles to one another to cool down from the heat. But instead of reminiscing about prom king and queen, these alumni were protesting, demanding that the school reinstate their football coach. And Miami Northwestern Senior High School has no ordinary football coach. 'Teddy [Bridgewater] means so much to this community, and it's deeper than football,' one of the protest organizers, Northwestern alum Nay Akins told the Miami Herald. 'It's about our future and our kids, everyone loves and appreciates [Teddy]. He brings hope and inspiration.' After retiring from the NFL in 2023, quarterback Teddy Bridgewater returned to his alma mater as head coach and transformed the program, helping bring the team the 2024 state championship. But in July 2025, the school suspended him for providing what the Florida High School Athletic Association (FHSAA) deemed 'impermissible benefits' to players. According to Bridgewater's own social media posts, he spent well over $100,000 during the 2024 season on Uber rides, pregame meals, and athletic recovery services, in addition to covering training camp costs and other essentials. Those benefits were not routed through the school's established programs, per FHSAA rules. Bridgewater self-reported his expenditures. According to the alumni, even after Bridgewater rejoined the NFL, coming out of retirement to sign with the Detroit Lions in December 2024, he also made sure to prioritize his hometown community. 'He's one of us,' Derrick Madry, a 1984 Northwestern alum. 'He could've gone anywhere in the world, but he chose to come back here,' Miami Northwestern Class of 1990 alum Felicia Pickard said. Pickard has three children, one of whom went to Miami Northwestern and graduated in 2021. 'The kids love him— they did phenomenal [when Teddy returned.]' The outpouring of love from the Miami Northwestern alumni was palpable on 71st Street in Liberty City, Miami. Many donned 'Coach Teddy, We Ready' t-shirts in the school's colors, drivers passing by rolled down their windows, honking and blaring music. Towards the end of the demonstration, a mobile billboard truck flashing 'Bring Teddy Back' and 'Reinstate Bridgewater' rolled by. But, according to Akins, Teddy's legacy at the school goes beyond football. Once he returned, more students worked towards college scholarships, the attendance rate for classes went up, and Miami Northwestern's graduation rate skyrocketed. He organized back-to-school and Christmas giveaways for students in need. 'A lot of people say [Teddy] left and came back, but truth be told, he never left,' Akins said. 'His heart and soul is here in the inner city.' In the early 2000s, Miami Northwestern was defined a 'dropout factory' from John Hopkins University in a study on student retention from freshman to senior year. From 2004-2006, the study found that only 41% of the entering freshman class graduated from Miami Northwestern. Now, that number is over 90 percent, according to US News and World Report. 'We need more male figures like him,' Akins said. 'If Teddy continued to be with these kids, we'd have 100 more Teddy's. After that, generations of Teddy's. It would bring this community to where it needs to be.'
