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Author: Ray Dalio
Publisher: Simon and Schuster
ISBN: 1398520918
Category : Business & Economics
Languages : en
Pages : 796
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Book Description
Ray Dalio, the legendary investor and international bestselling author of Principles - whose books have sold more than five million copies worldwide - 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 2008’s events and navigate them well while others struggled badly. As he explained in his international bestseller Principles, Ray Dalio believes that almost everything happens over and over again through time, so that by studying patterns one can understand the cause-effect relationships behind events and develop principles for dealing with them well. In this three-part research series, he does just that for big debt crises and shares his template in the hopes of reducing the chances of big debt crises happening and helping them be better managed in the future. The template comes in three parts: 1. The Archetypal Big Debt Cycle (which explains the template) 2. Three Detailed Cases (which examines in depth the 2008 financial crisis, the 1930s Great Depression and the 1920s inflationary depression of Germany’s Weimar Republic) 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 in debt, this unconventional perspective from one of the few people who navigated the crisis successfully, Principles for Navigating Big Debt Crises will help you understand the economy and markets in revealing new ways.
Author: Ray Dalio
Publisher: Simon and Schuster
ISBN: 1398520918
Category : Business & Economics
Languages : en
Pages : 796
Get Book Here
Book Description
Ray Dalio, the legendary investor and international bestselling author of Principles - whose books have sold more than five million copies worldwide - 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 2008’s events and navigate them well while others struggled badly. As he explained in his international bestseller Principles, Ray Dalio believes that almost everything happens over and over again through time, so that by studying patterns one can understand the cause-effect relationships behind events and develop principles for dealing with them well. In this three-part research series, he does just that for big debt crises and shares his template in the hopes of reducing the chances of big debt crises happening and helping them be better managed in the future. The template comes in three parts: 1. The Archetypal Big Debt Cycle (which explains the template) 2. Three Detailed Cases (which examines in depth the 2008 financial crisis, the 1930s Great Depression and the 1920s inflationary depression of Germany’s Weimar Republic) 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 in debt, this unconventional perspective from one of the few people who navigated the crisis successfully, Principles for Navigating Big Debt Crises will help you understand the economy and markets in revealing new ways.
Author: Menzie D. Chinn
Publisher: W. W. Norton & Company
ISBN: 0393080501
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s. Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration’s policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
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Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Scorpio Digital Press
Publisher:
ISBN: 9781079982060
Category :
Languages : en
Pages : 60
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Book Description
Are you ready for the next big debt crisis? Note to Readers: This is a fan-based summary and analysis companion book based on Big Debt Crises by Ray Dalio. This is not the original text; it is meant to enhance your original reading experience, not supplement it. You are strongly encouraged to purchase the original book here: https: //amzn.to/2O9RG1V In this current economic climate, consumers would do well to be very informed about where the economy rests in the current debt cycle. Ray Dalio breaks down the types of debt cycles, phases of debt cycles, and how each change affects interest rates, markets, and monetization. Dalio offers examples in words and visuals to give readers an understanding of how these terms are applied to economics and how each part of the cycle affects the marketplace. Dalio's goal for this guidebook is for everyone to learn how to manage debt crises. This management is contingent on not only how domestic consumers handle their debts, but how foreign money can become part of the overall debt picture and create significantly different outcomes. While consumers, lenders, and policy makers cannot always be in sync, it is critical for everyone in the system to realize how the steps they take will directly affect the debt management of all stakeholders. In this detailed summary and analysis of Big Debt Crises by Ray Dalio, you'll learn about and experience: The economical slang that you should be able to define. What a debt cycle is, and how it can personally affect you. The two major problems with debt cycles. Detailed case studies that prove Dalio's point. And much more! Scroll to the top and purchase with 1-click today! Don't let the next BIG DEBT CRISES eat you up!
Author: Shortcut Edition
Publisher: Shortcut Edition
ISBN:
Category : Business & Economics
Languages : en
Pages : 29
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Book Description
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will learn how to analyze the mechanism of the debt cycle in order to anticipate economic crises. You will also learn : that playing Monopoly is a good way to understand the economy; that it is possible to reduce the level of indebtedness thanks to four levers; that the debt cycle consists of seven typical phases; that lower interest rates make it easier to get housing loans, which increases the risk of a financial bubble; that inflationary depression is frequent when the government contracts debt in foreign currency. As an investor, you need to be able to predict economic crises, as this allows you to be better prepared for the storm. Following the analysis of debt cycles, it has been proven that the model repeats itself. It is therefore a cycle that can be broken down into seven distinct phases. By immersing yourself in this mechanism, you will be able to identify the phases of the long-term debt cycle. You will then understand how a bubble is formed and then the depression. Similarly, you will more easily assimilate the monetary policies that try to remedy them in order to rebalance the cycle. Are you ready to predict and understand the next economic crisis? *Buy now the summary of this book for the modest price of a cup of coffee!
Author: Federico Sturzenegger
Publisher: MIT Press
ISBN: 0262195534
Category : Business & Economics
Languages : en
Pages : 399
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Book Description
Detailed case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador, Moldova, and Uruguay, framed by a comprehensive discussion of the history, economic theory, legal issues, and policy lessons of sovereign debt crises. The debt crises in emerging market countries over the past decade have given rise to renewed debate about crisis prevention and resolution. In Debt Defaults and Lessons from a Decade of Crises, Federico Sturzenegger and Jeromin Zettelmeyer examine the facts, the economic theory, and the policy implications of sovereign debt crises. They present detailed case histories of the default and debt crises in seven emerging market countries between 1998 and 2005: Russia, Ukraine, Pakistan, Ecuador, Argentina, Moldova, and Uruguay. These accounts are framed with a comprehensive overview of the history, economics, and legal issues involved and a discussion from both domestic and international perspectives of the policy lessons that can be derived from these experiences. Sturzenegger and Zettelmeyer examine how each crisis developed, what the subsequent restructuring encompassed, and how investors and the defaulting country fared. They discuss the new theoretical thinking on sovereign debt and the ultimate costs entailed, for both debtor countries and private creditors. The policy debate is considered first from the perspective of policymakers in emerging market countries and then in terms of international financial architecture. The authors' surveys of legal and economic issues associated with debt crises, and of the crises themselves, are the most comprehensive to be found in the literature on sovereign debt and default, and their theoretical analysis is detailed and nuanced. The book will be a valuable resource for investors as well as for scholars and policymakers.
Author: Swift Reads
Publisher: Swift Reads
ISBN:
Category : Study Aids
Languages : en
Pages : 25
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Book Description
Big Debt Crises (2018) by Ray Dalio is an economic primer based on the proprietary decision-making system used at the author’s hugely successful hedge fund, Bridgewater Associates. Financial crises across history tend to share certain features... Purchase this in-depth summary to learn more.
Author: Ray Dalio
Publisher: Simon and Schuster
ISBN: 1982112387
Category : Business & Economics
Languages : en
Pages : 560
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Book Description
#1 New York Times Bestseller “Significant...The book is both instructive and surprisingly moving.” —The New York Times Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals. In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the United States, according to Fortune magazine. Dalio himself has been named to Time magazine’s list of the 100 most influential people in the world. Along the way, Dalio discovered a set of unique principles that have led to Bridgewater’s exceptionally effective culture, which he describes as “an idea meritocracy that strives to achieve meaningful work and meaningful relationships through radical transparency.” It is these principles, and not anything special about Dalio—who grew up an ordinary kid in a middle-class Long Island neighborhood—that he believes are the reason behind his success. In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve. Here, from a man who has been called both “the Steve Jobs of investing” and “the philosopher king of the financial universe” (CIO magazine), is a rare opportunity to gain proven advice unlike anything you’ll find in the conventional business press.
Author: Ray Dalio
Publisher:
ISBN: 9780578565651
Category :
Languages : en
Pages : 0
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Book Description
"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 "Dalio's approach, as in his investment management, is to synthesize information, and to convert a sprawling and multi-faceted issue into a clear-cut process of cause and effect. Critically, he simplifies without over-simplifying." - Financial Times For 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:: 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, Principles for Navigating Big Debt Crises will help you understand the economy and markets in revealing new ways.
Author: Black Book
Publisher: Independently Published
ISBN: 9781794160217
Category : Study Aids
Languages : en
Pages : 60
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Book Description
Book Summary: Big Debt Crises In this current economic climate, consumers would do well to be very informed about where the economy rests in the current debt cycle. Ray Dalio breaks down the types of debt cycles, phases of debt cycles, and how each change affects interest rates, markets, and monetization. In PART 1: The Archetypal Big Debt Cycle, Dalio introduces the reader to lots of economic terms: credit, debt, inflation, deflationary, inflationary, the bubble, depression, deleveraging, and quantitative easing. It's quite the handful for your average citizen. In PART 2: Detailed Case Studies, Dalio reviews how the German Debt Crisis and Hyperinflation of 1918-1924, the US Debt Crisis and Adjustment of 1928-1927, and the US Debt Crisis and Adjustment of 2007-2011 were three of the most iconic debt cycles in history. In PART 3, Dalio gives insight into 48 separate case studies of currency debt crises of deflationary deleveragings (from the United States, Great Britain, Japan, France, Norway, Finland, Sweden, Austria, Germany, Greece, Hungary, the Netherlands, Ireland, Italy, Spain, and Portugal) from 1929-2008, and non-domestic currency debt crises of inflationary deleveragings overseas from 1918-2014. For more information click on the BUY BUTTON!!
