000			01999nam a22002057a 4500
003			OSt
005			20250701104657.0
008			250701b |||||||| |||| 00| 0 eng d
020			_a9781398551466
040			_cAACR-II
082			_a332.41 DAL
100			_aDalio, Ray _910374
245			_aHow countries go broke: The big cycle
260			_aLondon _bSimon & Schuster _c2025
300			_a388 p.
520			_aAn urgent warning about the American 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.
600			_aFinance and Economy Sector _911426
650			_aEconomics and Public Finance _911427
942			_2ddc _cB
999			_c358576 _d358576