Big Debt Crises
by Ray Dalio
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Pub Date Nov 01 2018 | Archive Date Nov 13 2018
Greenleaf Book Group | Bridgewater
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Description
**PLEASE NOTE: Due to file size restrictions this title is best viewed on a desktop or laptop using Adobe Digital Editions. Thank you!**
"Ray Dalio's excellent study provides an innovative way of thinking about debt crises and the policy response." - Ben Bernanke
"Ray Dalio's book is must reading for anyone who aspires to prevent or manage through the next financial crisis." - Larry Summers
"A terrific piece of work from one of the world's top investors who has devoted his life to understanding markets and demonstrated that understanding by navigating the 2008 financial crisis well." - Hank Paulson
"An outstanding history of financial crises, including the devastating crisis of 2008, with a very valuable framework for understanding why the engine of the financial system occasionally breaks down, and what types of policy actions by central banks and governments are necessary to resolve systemic financial crises. This should serve as a play book for future policy makers, with practical guidance about what to do and what not to do." - Tim Geithner
On the 10th anniversary of the 2008 financial crisis, one of the world's most successful investors, Ray Dalio, shares his unique template for how debt crises work and principles for dealing with them well. This template allowed his firm, Bridgewater Associates, to anticipate events and navigate them well while others struggled badly.
As he explained in his #1 New York Times Bestseller, Principles: Life & Work, Dalio believes that most everything happens over and over again through time so that by studying their patterns one can understand the cause-effect relationships behind them and develop principles for dealing with them well. In this 3-part research series, he does that for big debt crises and shares his template in the hopes reducing the chances of big debt crises happening and helping them be better managed in the future.
The template comes in three parts provided in three books: 1) The Archetypal Big Debt Cycle (which explains the template), 2) 3 Detailed Cases (which examines in depth the 2008 financial crisis, the 1930's Great Depression, and the 1920's inflationary depression of Germany's Weimar Republic), and 3) Compendium of 48 Cases (which is a compendium of charts and brief descriptions of the worst debt crises of the last 100 years). Whether you're an investor, a policy maker, or are simply interested, the unconventional perspective of one of the few people who navigated the crises successfully, A Template for Understanding Big Debt Crises will help you understand the economy and markets in revealing new ways.
A Note From the Publisher
**PLEASE NOTE: Due to file size restrictions this title is best viewed on a desktop or laptop using Adobe Digital Editions. Thank you!**
Featured Reviews
Anthony P, Reviewer
Great book about three debt crises that world experienced. Book goes through basics of debt crises and all the phases involved. The three debt crises analyzed were the Great Depression, the German Crises , Post WWI and the 2008 debt crises. Book had plenty of examples supporting positions. Book gives one a good understanding of how and why debt crises happen. I enjoyed book.
Justin R, Reviewer
This book is an excellent book for a specific audience.
This book needs to be read slowly and deliberately.
It is a work of great intelligence and research with a corresponding level of reading difficulty.
Much of the information was above my head and could only be understood if I were to devote months to read this. As a background, I have an intermediate level of finance/investing knowledge which is far better than average. That being said, my knowledge of bubbles (which seems to be the main focus of the book) is relatively limited and there are people with orders of magnitude more knowledge. My guess is that in order to benefit from this book you have to have a decent level of financial knowledge, above average knowledge of debt and cycles and ample free time. If this sounds like you read on and you will most likely be amply rewarded.
Dora Archie O, Reviewer
This book's ideal for the reader who has a knack for finance and investing. Ray Dalio provides an in-depth look at three major debt crises starting from the Great depression to the 2008 financial crisis and as I was reading this, I felt like this would make a great reference for research or just an ideal book to read before investing in a huge scale. Thank you Netgalley for the eARC.
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