How Countries Go Broke by Ray Dalio

How Countries Go Broke is Ray Dalio’s analysis of what he calls the Big Debt Cycle, the long-term pattern by which government debts build up, become unmanageable and are eventually resolved. Writing from decades of experience as an investor, Dalio asks whether there are limits to national borrowing and whether a major reserve-currency nation such as the US could genuinely go broke.

Drawing on history and his own research, he explains the warning signs that matter, where he believes current debt trends are heading and what policymakers and investors might do about them. It is a timely read for anyone following economics, markets and public finance, and readers of his Principles books will recognise the approach.

• Author: Ray Dalio
• Publisher: Simon & Schuster
• Format: Hardcover, 400 pages
• Language: English
• ISBN: 9781398551466