How Countries Go Broke: The Big Cycle (Principles)

I just received the book today and read part of it yet. It’s great, Ray Dalio is a great story teller. And this book gives great insight on his view and experience on macro economics. Can’t wait to finish this book.

How Countries Go Broke is a sharp, eye-opening look at how nations end up in financial crisis. The authors explain complex topics like debt, inflation, and defaults in a surprisingly easy-to-follow way, even if you’re not an economist.Real-world examples (like Greece and Argentina) make it feel more like a thriller than a textbook. Some parts get a bit technical, but overall, it’s a must-read to understand how global economies work — and why they sometimes fail.Highly recommended for anyone interested in finance, politics, or current events.

This is written by a 75 year old investor who built the Bridgewater Hedge Fund and made a personal fortune. The book explains how governments manage the economy by controlling money availability and interest rates while a natural economic cycle happens - sometimes to economic disaster. An analysis is given at the end of the book of where the US economy stands and offers suggestions about steps that should be taken to avoid economic disaster. This book is heavy reading with many graphs showing economic history of many countries and some economic projections. The author provides bold type passages throughout the book with suggestions that casual readers can skip the rest of the text and still get the important economic message. This is an economic education for anyone who reads through it, investor or just a curious person.

Read this book once, again in the audio version and then read it again. Learned more each time. when your finished listen to the YouTube lectures that Ray Dalio has produced. You will not be disappointed. Wonderful book.

Let’s get this straight. I don’t know anything about the topic. I can’t even spell ekonomie.I bought this with my misgivings about our future. I work for an aluminum custom boatbuilder. We burn through a lot of aluminum every month. I’m guessing Tariffs are very hard to deal with, even this early in the game.Every topic that comes up in the book requires me to break it down in notes, as if it’ll be on a test. I’m all too afraid that in my lifetime (I’m 65), there will be.Ray Dalio does a great job with the topics. It is very readable.One element he has included is emboldened ‘cliff notes’. If I want to, I can skip ahead to the next bold text and I could get the picture.I’m confident I’ll walk away well informed.

I thoroughly enjoyed How Countries Go Broke:The Big Cycle (Principles) because it taught me how countries typically progress through different stages. Because the US has the largest economy and most powerful military, special emphasis was placed on understanding where the US in its progress through the short- and long-term economic cycles.Before reading this book, I encourage you to refresh your knowledge of how money is created. You can either review your economic textbooks or ask your favorite artificial intelligence engine to provide you with a summary. Knowing how money is created will greatly assist you in your reading.As I reflect on current developments around the globe, I come to appreciate this book even more because the developments fit with Dalio’s overall framework.I highly recommend this book.

Hope he's wrong. I understand that he is not. But I wish he was. We are in serious trouble. America won't even resemble what it used to be, sooner than we might realize.

If your a scholar, this will be right up your alley. Material is quite dense but, I should have known that before I bought this one. A scholarly work indeed. Conclusions will be questioned by many.