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April 21, 2021

A Template for Understanding Big Debt Crises, Ray Dalio (Finance, Economics, Debt crisis)

A Template for Understanding Big Debt Crises, Ray Dalio (Finance, Economics, Debt crisis)

Why do economic crises happen over and over again? What role does debt play? Are there any similarities among repeated crises? Can we find their patterns and solve a crisis properly? In Dalio's view, most events happen repeatedly and follow patterns. He applies this thinking in the book to analyze every major debt crisis in the past century, as well as sharing his own models to help people better manage future crises.