Key insights from
How Countries Go Broke
By Ray Dalio
What you'll learn
Ray Dalio is the founder of Bridgewater Associates, one of the world’s largest hedge funds, and the author of Principles.
In How Countries Go Broke, Ray Dalio draws on five decades of betting on government bond markets to explain what he calls the Big Debt Cycle: the slow, measurable process by which nations borrow too much, strain their currencies and eventually face a reckoning. You’ll learn why credit works like a circulatory system, which warning signs to watch, why governments that print their own money rarely default outright, what Japan and the fallen reserve currencies of the past teach the United States, and the balanced plan Dalio believes could still head off a crisis.
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