9781668149461_

Do big government debts and fast rates of adding to them threaten our collective well-being? In this groundbreaking analysis, Ray Dalio, one of the greatest investors of our time and the #1 New York Times bestselling author of Principles, shares the reasons behind his fears for the US debt markets, answering some of the most important market and economic questions we now face: Are there limits to debt growth? Can a big, important reserve currency country like the US really go broke? Is there such a thing as a Big Debt Cycle that can tell us when to worry about debt and what to do about it?

For decades, politicians, policymakers, and investors have debated these questions, but the Big Debt Cycle that helps answer them is not talked about or well understood. With the US debt issue coming to a head, Dalios How Countries Go Broke provides the first-ever detailed analysis of the Big Debt Cycle, explaining its implications and offering a surprisingly straightforward solution to getting debt problems like the ones the US faces under control.

Dalio has built his career as a leading global macro investor by studying the patterns of history to develop unconventional perspectives on whats happening in markets and economies today. It was this approach that led him, in the years leading up to the 2008 Great Financial Crisis, to study the Great Depression and other past big debt crises and use what he learned to navigate the turbulent markets successfully. By looking closely at thirty-five cases over the past 100 years when governments have gone broke and studying the mechanics behind them, Dalio has developed a first-of-its-kind template for what to watch for and what to do when the threat is as significant as his measures show that it now is. He has discussed this template with treasury secretaries and central bankers from around the world and is now sharing it with the public to help bring urgent attention to the big risks the US and a number of other countries faceand to explain how to avoid the worst-case scenario.

...(*_*)9781668149461_

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 Broke also 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.

...(*_*)9781668149461_

An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.

...(*_*)9781668149461_

This book is a gift to humanity.Ray provides a solution to what is the biggest and most certain threat to our prosperity. Henry M. Paulson Jr.

An invaluable resource for policymakers, investors, and citizens. Lawrence H. Summers

An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.

...(*_*)9781668149461_

#1 NEW YORK TIMES BESTSELLER

Advance copies of Ray Dalios new book about how countries go broke have become a hot read in Washington. The New York Times

This book is a gift to humanity.Ray provides a solution to what is the biggest and most certain threat to our prosperity. Henry M. Paulson Jr.

An invaluable resource for policymakers, investors, and citizens. Lawrence H. Summers

An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.

...(*_*)9781668149461_

Advance copies of Ray Dalios new book about how countries go broke have become a hot read in Washington. The New York Times

This book is a gift to humanity.Ray provides a solution to what is the biggest and most certain threat to our prosperity. Henry M. Paulson Jr.

An invaluable resource for policymakers, investors, and citizens. Lawrence H. Summers

An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.

...(*_*)9781668149461_

#1 NEW YORK TIMES BESTSELLER

“Advance copies of Ray Dalio’s new book about how countries go broke have become a hot read in Washington.” —The New York Times

“This book is a gift to humanity….Ray provides a solution to what is the biggest and most certain threat to our prosperity.” —Henry M. Paulson Jr.

“An invaluable resource for policymakers, investors, and citizens.” —Lawrence H. Summers

An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.

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 2010–12 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. Dalio’s model points toward surprisingly straightforward solutions for dealing with the debt problems that the US, Europe, Japan, and China face today.

How Countries Go Broke also shows how these debt problems are related to the other forces—political 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 what’s happening now and what to do about it.

How Countries Go Broke

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