Big Debt Crises by Ray Dalio
Ray Dalio is the co-chief investment officer, founder, and co-chairman of Bridgewater association. Bridgewater Association is a global asset manager and currently at the top of their business, as they take on the largest hedge funds around the world. Their experience is what makes Ray Dalio’s Big Debt Crises such a great hit, as he really gets down to business and explains each matter as it is.
In this current economic time, it will do you well to be informed and ready to take on the world, which is why Dalio takes you through the process in a delicate, yet informative manner. Not only does the book focus on your situations, in addition, but it also offers you an in-depth view of where the economy stands in your current debt cycle. Followed by a complete process where he explains debt cycles, the different phases of debt cycles, and how they can affect interest rates, monetization, and markets.
The book is easy to read and does not call for any prior knowledge on the matter. It walks you through the process in a smooth and growing manner, so when you are done you have a great understanding and knowledge about finances and debts.
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