How Countries Go Broke : Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do
by
Ray Dalio
Book Details
Format
Hardback or Cased Book
ISBN-10
1398551465
ISBN-13
9781398551466
Publisher
Simon & Schuster Ltd
Imprint
Simon & Schuster Ltd
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 3rd, 2025
Print length
400 Pages
Weight
812 grams
Dimensions
23.70 x 16.50 x 3.10 cms
Product Classification:
Economics
Ksh 5,400.00
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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?
*** THE #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' New York Times
An urgent warning about the global 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 broke – and 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 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.
'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
'Advance copies of Ray Dalio’s new book about how countries go broke have become a hot read in Washington' New York Times
An urgent warning about the global 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 broke – and 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 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.
'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
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