How Countries Go Broke
Autor Ray Dalioen Limba Engleză Hardback – 3 iun 2025
'Advance copies of Ray Dalio’s new book about how countries go broke have become a hot read in Washington' New York Times
An urgent warning about the global economy from Ray Dalio, the #1 New York Times bestselling author of Principles.
Do 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?
For 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.
How Countries Go Broke 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.
'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.
'An invaluable resource for policymakers, investors, and citizens' Lawrence H. Summers
| Toate formatele și edițiile | Preț | Express |
|---|---|---|
| Hardback (2) | 160.76 lei 25-37 zile | +100.61 lei 5-11 zile |
| Simon&Schuster – 3 iun 2025 | 160.76 lei 25-37 zile | +100.61 lei 5-11 zile |
| Simon + Schuster LLC – 3 iun 2025 | 200.42 lei 3-5 săpt. | +59.10 lei 5-11 zile |
Preț: 200.42 lei
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Specificații
ISBN-13: 9781501124068
ISBN-10: 1501124064
Pagini: 388
Dimensiuni: 162 x 233 x 28 mm
Greutate: 0.65 kg
Editura: Simon + Schuster LLC
Colecția Avid Reader Press
ISBN-10: 1501124064
Pagini: 388
Dimensiuni: 162 x 233 x 28 mm
Greutate: 0.65 kg
Editura: Simon + Schuster LLC
Colecția Avid Reader Press
Recenzii
‘How Countries Go Broke is oddly thrilling and extremely relevant, full of wisdom . . . an immense reflection on the causes of the loss and recovery of national creditworthiness’
'Everything Ray Dalio writes is compelling reading for the investor and the policymaker. This is an excellent and bracing study of one of the toughest and most dangerous set of policy risks, adding to his already valuable work on what drives the rise and demise of markets, economies and empires'
'Ray provides a solution to what is the biggest and most certain threat to our prosperity – the ticking debt bomb. No one understands markets and fiscal cycles better than Ray. His book is a must read for policymakers and anyone who wants to dig deep and learn. This book is a gift to humanity'
'Ray Dalio's brilliant, iconoclastic approach to understanding financial markets and the economy has richly rewarded him with the predictive powers that made him one of the great investors of our time. This book distills his insights and applies them to the current perilous moment. It is an invaluable resource for policy makers, investors and citizens'
'Ray Dalio is issuing an exceedingly important warning about how countries go broke, how that pertains to the U.S., and what needs to be done to change course. His nonpartisan insights are grounded in experience and analysis – let’s hope every lawmaker reads this book before they consider voting to add even another dollar to the national debt'
'There’s so much going on in the world right now, and Ray is my go-to voice for understanding what it all means. His new book is a must-read'
'Everything Ray Dalio writes is compelling reading for the investor and the policymaker. This is an excellent and bracing study of one of the toughest and most dangerous set of policy risks, adding to his already valuable work on what drives the rise and demise of markets, economies and empires'
'Ray provides a solution to what is the biggest and most certain threat to our prosperity – the ticking debt bomb. No one understands markets and fiscal cycles better than Ray. His book is a must read for policymakers and anyone who wants to dig deep and learn. This book is a gift to humanity'
'Ray Dalio's brilliant, iconoclastic approach to understanding financial markets and the economy has richly rewarded him with the predictive powers that made him one of the great investors of our time. This book distills his insights and applies them to the current perilous moment. It is an invaluable resource for policy makers, investors and citizens'
'Ray Dalio is issuing an exceedingly important warning about how countries go broke, how that pertains to the U.S., and what needs to be done to change course. His nonpartisan insights are grounded in experience and analysis – let’s hope every lawmaker reads this book before they consider voting to add even another dollar to the national debt'
'There’s so much going on in the world right now, and Ray is my go-to voice for understanding what it all means. His new book is a must-read'
Descriere
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Do big government debts and fast rates of adding to them threaten our collective well-being? In this groundbreaking analysis, Ray Dalio, one of the greatest investors of our time and the #1 New York Times bestselling author of Principles, shares the reasons behind his fears for the US debt markets, answering some of the most important market and economic questions we now face: Are there limits to debt growth? Can a big, important reserve currency country like the US really go broke? Is there such a thing as a 'Big Debt Cycle' that can tell us when to worry about debt and what to do about it?
Do big government debts and fast rates of adding to them threaten our collective well-being? In this groundbreaking analysis, Ray Dalio, one of the greatest investors of our time and the #1 New York Times bestselling author of Principles, shares the reasons behind his fears for the US debt markets, answering some of the most important market and economic questions we now face: Are there limits to debt growth? Can a big, important reserve currency country like the US really go broke? Is there such a thing as a 'Big Debt Cycle' that can tell us when to worry about debt and what to do about it?