000			01536nam a22001577a 4500
005			20260117131432.0
020			_a9781398551466
082			_a338.542
245			_aHow countries go broke _bthe big cycle
260			_aNew York _b Avid Reader Press _c2025
300			_a388p. _bill. 24 cm
504			_aIncludes bibliographical references
520			_aFor 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 i
650			_aDebts, Public Business cycles
942			_cBK
999			_c11407 _d11407