How Countries Go Broke: The Big Cycle
Author: Ray Dalio
"Do big government debts threaten our collective well-being? Are there limits to debt growth? Can a big, important reserve currency country like the United States really go broke--and what would that look like? For decades, politicians, policymakers, and investors have debated these questions, but the answers have eluded them. In this ... book, Ray Dalio, ... who anticipated the 2008 global financial crisis and the 2010-12 European debt crisis, shares for the first time his detailed explanation