How Countries Go Broke: The Big Cycle (Principles)

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.

Great book 📕 and great timing as well since the US is experiencing rapid unsustainable debt growth. This books layout a beautiful template to navigate big debt crisis and principles to dealing with them well as well as a 3% solution to the big US debt. Highly recommend this book.

The Big Cycle provides historical perspective on how countries rise and fall with regularity and how the USA is in the late stages of this Big Cycle.

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A fascinating book from the founder of the world's largest hedge fund (audiobook is also great, and he narrates part of it) that looks at the forces that drive the Big Cycle. He raises very good points about how this is not well studied since most cycles take as long as a human life. In other words, the cycles outlive people, so very few people will go back and study something from 70 years ago. He examines the history of the big cycle, going back as far as 500 years ago. He looks into 35 big debt cycle sequences and show symptoms on how far the cycles progress.Needless to say, his success in the macroeconomic space speaks for itself. He didn't need to share this information. But he did, and we are all more knowledgeable for it.

Dalio's easy to read overture of the macro economic conditions is perfectly timely. Just when the US has received the Moody's downgrade, to Jamie Dimon's interview at the Reagan Library stating definitive cracks in the bond market. Dalio breaks down the human logic that ignores large cycle analysis for the daily noise, and our innate desire of short term rewards. When we are at a precipice and can't see over, he reminds us about the large scale fractals that repeat in human history through out Millenia.