Principles for Navigating Big Debt Crises: The Archetypal Big Debt Cycle / Detailed Case Studies / Compendium of 48 Cases Paperback – 1 Nov. 2018

Absolutely fantastic piece of work by Ray Dalio, the product of his lifelong work at Bridgewater Associates. This books provides a template for investors and policy makers to avoid and respond to debt crises. It does not provide any recommendations nor includes any discussion of positions that should be taken, but it's an ideal read for everyone interested in financial markets and the economy. Ray provides a detailed account of events that led to the biggest debt crises around the world with a lot of detail. Although not an easy one, this is a great read.

Another brilliant book by Ray Dalio. Informative content delivered in a very digestible way. Covering 3 major depressions and debt cycles over the past 100 years

This book will give you a highly detailed and technical account of the 2008 credit crisis as well as how governments manipulate their currency systems during times of economic crisis, well worth reading Finance Professionals will love this book.I liked how this book discussed currency crisis’s across the world and how they were all dealt with.I agree with the current trend that the US dollar will eventually collapse, I dont think we will go back to a Gold standard but I do think we will go into a new “Digital” standard, Davos 2021 will be a clear indicator of this.

Thank you Ray Dalio for sharing a monumental study of debt crises. This is clearly the work of a lifetime.Through the words of a passionate and lucid narrator, Ray takes the reader deep in to the workings of big debt crises. First building fundamental knowledge of the mechanisms and systems that influence the business cycle, then walking the reader through defining events in financial history.What makes this tome exceptional is the detail presented to demonstrate the casual links between world events and financial markets. And what makes this monumental work refreshing is that the writer has a gift for teaching and a passion to demystify opaque financial terms for non-specialists.Thoroughly recommended for anyone who wants to understand how the economy and financial systems work to shape our world.

Note to Kindle Paperwhite readers: The numerous graphs and charts in this Paperwhite edition are largely illegible - They have not been adapted from the print version for reading in greyscale format. Note to the publisher: Please correct the graphs and charts in the Paperwhite edition so that they are legible in greyscale. This can be surely be done relatively easily - In the meantime, Paperwhite readers are being short-changed. Review: The book is brilliantly written and highly informative. A great read for anyone interested in the markets, government economic policy etc.

Mr. Dalio's fantastic summary about credit cycles and case studies is a great tool for entry level and intermediate fixed income professionals. I'm a bit upset it arrived in 3 paperback parts that are covered by a hardback case. Would have been better with one hardback copy.

A book of our own days, with something to say, a story to be read.

an engineer provides a nice handy template with which to understand the daunting world of financial booms and busts, finally economists exposed as the superflous pseudo scientists they are.

This book simply represents the term "looking at forest rather than trees". Mr. Dalio has done a very generous work for all his readers.

Some chapters feel absolutely interminable. It also feels quite north-centric (i.e. there isn't much content in developing markets). Otherwise, an amazing read if you want to understand how to (broadly) identify the phases in an economic cycle and their implication on investments.

Muy bueno, excelente, cuando lo termine me rei un poco, pues lo que este libro considera malos manejos en términos de política monetaria, han sido los manejos de política monetaria que han tomado gran parte de los países haciendo énfasis en los Estados Unidos

Finanzkrisen können, nach der Art ihres Auftretens, deflationärer oder inflationärer Natur sein.Entsprechend einem grundlegenden Muster der Abläufe, erläutert Ray Dalio die typischen Phasen beider Erscheinungsformen. Auf dieser Grundlage, und unter Anwendung des zuvor Erarbeiteten, exemplifiziert der Autor dann In den folgenden Kapiteln detailiert die Hyperinflation der Weimarer Republik, die deflationäre Weltwirtschaftskriese der USA 1929, sowie die ebenfalls deflationäre Finanzkrise der Jahre 2007 bis 2011.Es ist frappierend, wie typische Muster und Handlungsweisen der Akteure, dem grundlegend definierten Schema entsprechen. Ray Dalio erläutert in den Beispielfällen, unter Zuhilfenahme lokaler Pressemitteilungen, die Ereignisse,zum Teil tagaktuell.In den weiterführenden Kapiteln, stellt der Autor noch 48 weitere internationale Finanzkrisen vor, welche nach ähnlichem Schema ablaufen, alle unterlegt mit Grafiken, welche die Verlaufsformen aufzeigen.Das nahezu DIN A4 Ausmaß, 471 Seiten aus starkem Papier in solider Form gebunden, verleihen dem Buch ein ezyklopädiehaftes Format, welches auf diese Weise als Nachschlagewerk verwendet werden kann.Ich empfinde das Buch auch in der gegenwärtigen Zeit als sehr nützlich, um sich ein Bild der finanzpolitischen Lage verschaffen, und die zukünftige Verlaufsform antizipieren, zu können.Das Werk ist die englische Originalfassung und unterstellt dem Leser entsprechendes Vermögen im Umgang mit Businessenglisch. Mittlerweile ist auch eine deutsche Version erhältlich.

Tremendo y que de forma casi cientifica demuestra la incapacidad de que se controle el ciclo del credito y la deuda.