How Countries Go Broke
How Countries Go Broke: Principles for Navigating the Big Debt Cycle, Where We Are Headed, and What We Should Do is a 2025 book written by hedge fund manager and founder of Bridgewater Associates, Ray Dalio.[1]
Description
In the book, Dalio expands on what he calls "big debt cycles". He argues that the accumulation of short-term debt cycles results in a larger debt crisis which he says most investors often overlook. Dalio outlines a plan for dealing with serious debt crises and offers a practical to-do list for bankers, Treasury, and financial officials on tackling the big debt cycle crisis.[2][3][4]
He goes on to describe the nine stages of a debt crisis and the markers of each stage. He gives some examples of the warning signs such as printing more money, or the government selling more debt than can be bought back.[3]
See also
References
- ↑ "Billionaire Ray Dalio offers fresh tips on how to be a better investor". finance.yahoo.com. Archived from the original on 2025-01-27. Retrieved 2025-01-30.
- ↑ How Countries Go Broke. ISBN 1501124064. Search this book on
- ↑ 3.0 3.1 Kapadia, Reshma. "Bridgewater's Ray Dalio 'Deeply Concerned' About U.S., China Debt. How to Avoid a Crisis". barrons. Retrieved 2025-01-30.
- ↑ "Client Challenge". www.ft.com. Retrieved 2025-09-09.
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