About This Book
Can a major reserve currency country actually go broke? Ray Dalio has the answer — and the framework to prove it.
The legendary investor behind Bridgewater Associates shares his model of the "Big Debt Cycle" for the first time, drawing on decades of study to explain the debt crises facing the U.S., Europe, Japan, and China. His conclusion: the solutions are more straightforward than most people think.
The book connects debt to the bigger forces reshaping the world order — politics, geopolitics, climate, and AI — giving readers a template for navigating what Dalio calls the "Overall Big Cycle."