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A masterclass in economic history and debt cycles from one of the world’s leading macro investors. Ray Dalio explains how nations collapse financially—and how to anticipate and navigate the next big cycle.
How Countries Go Broke: The Big Cycle by Ray Dalio explores the recurring patterns of national financial collapse through the lens of debt accumulation, inflation, and political instability. Drawing on centuries of global economic history, Dalio presents a framework for understanding the rise and fall of empires, offering insights for policymakers, investors, and citizens alike.
A masterclass in economic history and debt cycles from one of the world’s leading macro investors. Ray Dalio explains how nations collapse financially—and how to anticipate and navigate the next big cycle.
How Countries Go Broke: The Big Cycle by Ray Dalio explores the recurring patterns of national financial collapse through the lens of debt accumulation, inflation, and political instability. Drawing on centuries of global economic history, Dalio presents a framework for understanding the rise and fall of empires, offering insights for policymakers, investors, and citizens alike.
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