{"product_id":"how-countries-go-broke-the-big-cycle-hardcover","title":"How Countries Go Broke: The Big Cycle - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eRay Dalio\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003e#1 \u003ci\u003eNEW YORK TIMES \u003c\/i\u003eBESTSELLER\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003cb\u003e\"Advance copies of Ray Dalio's new book about how countries go broke have become a hot read in Washington.\" --\u003ci\u003eThe New York Times\u003c\/i\u003e\u003c\/b\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003cb\u003e\"This book is a gift to humanity....Ray provides a solution to what is the biggest and most certain threat to our prosperity.\" --Henry M. Paulson Jr.\u003c\/b\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003cb\u003e\"An invaluable resource for policymakers, investors, and citizens.\" --Lawrence H. Summers\u003c\/b\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003cb\u003e\u003cb\u003eAn urgent warning about the American economy from Ray Dalio, the #1 \u003ci\u003eNew York Times \u003c\/i\u003ebestselling author of \u003ci\u003ePrinciples\u003c\/i\u003e.\u003c\/b\u003e\u003c\/b\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003e\u003cb\u003e\u003cb\u003e\u003cb\u003e\u003cb\u003eDo big government debts threaten our collective well-being? Are there limits to debt growth? Can a big, important reserve currency country like the United States really go broke--and what would that look like?\u003c\/b\u003e\u003cb\u003e \u003c\/b\u003e\u003c\/b\u003e\u003c\/b\u003e\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eFor 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. \u003cp\u003e\u003c\/p\u003e\u003ci\u003eHow Countries Go Broke\u003c\/i\u003e 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 it.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eA global macro investor for more than 50 years, Ray Dalio founded Bridgewater Associates out of his two-bedroom apartment in NYC and ran it for most of its 50 years, building it into the largest hedge fund in the world under his leadership. He is now in a stage of life in which he wants to pass along and help people learn about principles that have helped him, especially in markets and the economy. He is a long-running \u003ci\u003eNew York Times\u003c\/i\u003e bestselling author of \u003ci\u003ePrinciples: Life and Work, Principles for Dealing with the Changing World Order\u003c\/i\u003e, and \u003ci\u003ePrinciples for Navigating Big Debt Crises\u003c\/i\u003e. He graduated with a B.S. in Finance from C.W. Post College in 1971 and received an MBA degree from Harvard Business School in 1973. He has been married to his wife, Barbara, for 46 years and has three grown sons and seven grandchildren. He is an active philanthropist.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 400\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e June 03, 2025\u003c\/div\u003e\n            ","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":53576043331891,"sku":"9781501124068","price":35.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/s3xxpj-vy.myshopify.com\/products\/how-countries-go-broke-the-big-cycle-hardcover","provider":"The Celestial Starlit Phoenix ","version":"1.0","type":"link"}