How Countries Go Broke: The Big Cycle

Do big government debts threaten our collective well-being? Are there limits to debt growth? Can a big, important reserve currency country like the United States really go brokeand what would that look like?

For decades, politicians, policymakers, and investors have debated these questions, but the answers have eluded them. In this groundbreaking book, Ray Dalio, one of the greatest investors of our time who anticipated the 2008 global financial crisis and the 201012 European debt crisis, shares for the first time his detailed explanation of what he calls the Big Debt Cycle. Understanding this cycle is critical for helping policymakers, investors, and the general public grasp where we are and where we are headed with the debt issue. Dalios model points toward surprisingly straightforward solutions for dealing with the debt problems that the US, Europe, Japan, and China face today.

How Countries Go Brokealso shows how these debt problems are related to the other forcespolitical within countries, geopolitical between countries, natural (droughts, floods, and pandemics), and technological (most importantly, AI)that together are causing what Dalio calls the Overall Big Cycle changes in the world order. By reading this book, you will improve your understanding of whats happening now and what to do about it.

PRODUCT DETAILS :

DIMENSION : 229 mm x 152 mm
WEIGHT : 658 g
SERIES : Principles

PRODUCT CATEGORY :
Economics, Finance, Business & Management
Health, Relationships & Personal development