Book
How countries go broke : the big cycle / Ray Dalio.
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.
Record details
- ISBN: 9781501124068 (hardcover)
- Physical Description: 388 pages : illustrations (some colour) ; 24 cm
- Edition: First Avid Reader Press hardcover edition.
- Publisher: New York : Avid Reader Press, 2025.
Search for related items by subject
| Subject: | Budget deficits. Debts, Public. Fiscal policy. |
Available copies
- 1 of 1 copy available at Tsuga Consortium.
Holds
- 0 current holds with 1 total copy.
Show Only Available Copies
| Location | Call Number / Copy Notes | Barcode | Shelving Location | Status | Due Date |
|---|---|---|---|---|---|
| Lakeshore Branch | 339.523 Dal | 31681010422095 | NONFIC | Available | - |
- B & T Entertainment
Looks at such political questions as: 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 broke; and more. - Simon and Schuster
#1 NEW YORK TIMES BESTSELLER
âAdvance copies of Ray Dalioâs new book about how countries go broke have become a hot read in Washington.â âThe New York Times
âThis book is a gift to humanityâ¦.Ray provides a solution to what is the biggest and most certain threat to our prosperity.â âHenry M. Paulson Jr.
âAn invaluable resource for policymakers, investors, and citizens.â âLawrence H. Summers
An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.
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 brokeâand 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 2010â12 European debt crisis, shares for the first time his detailed explanation of what he calls the âBig Debt Cycle.â 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. Dalioâs 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 forcesâpolitical within countries, geopolitical between countries, natural (droughts, floods, and pandemics), and technological (most importantly, AI)âthat together are causing what Dalio calls the âOverall Big Cycleâ changes in the world order. By reading this book, you will improve your understanding of whatâs happening now and what to do about it.
