Navigating Big Debt Crises: Advice from Ray Dalio

Amazon Customer: Another brilliant book by Ray Dalio. Informative content delivered in a very digestible way. Covering 3 major depressions and debt cycles over the past 100 years

United Kingdom on Sep 20, 2022

Ferri: Ray Dalio takes you through every step of the debt crisis of the last hundred years, in detail.
One may not agree with him because he talks from the view point of an investor. But it's great
to know how an investor thinks.
All in all I had a good time reading it.

Germany on Apr 28, 2022

H: This book simply represents the term "looking at forest rather than trees". Mr. Dalio has done a very generous work for all his readers.

Canada on Apr 10, 2022

Graf von Falkenstein: Finanzkrisen können, nach der Art ihres Auftretens, deflationärer oder inflationärer Natur sein.
Entsprechend einem grundlegenden Muster der Abläufe, erläutert Ray Dalio die typischen Phasen beider Erscheinungsformen. Auf dieser Grundlage, und unter Anwendung des zuvor Erarbeiteten, exemplifiziert der Autor dann In den folgenden Kapiteln detailiert die Hyperinflation der Weimarer Republik, die deflationäre Weltwirtschaftskriese der USA 1929, sowie die ebenfalls deflationäre Finanzkrise der Jahre 2007 bis 2011.
Es ist frappierend, wie typische Muster und Handlungsweisen der Akteure, dem grundlegend definierten Schema entsprechen. Ray Dalio erläutert in den Beispielfällen, unter Zuhilfenahme lokaler Pressemitteilungen, die Ereignisse,zum Teil tagaktuell.
In den weiterführenden Kapiteln, stellt der Autor noch 48 weitere internationale Finanzkrisen vor, welche nach ähnlichem Schema ablaufen, alle unterlegt mit Grafiken, welche die Verlaufsformen aufzeigen.

Das nahezu DIN A4 Ausmaß, 471 Seiten aus starkem Papier in solider Form gebunden, verleihen dem Buch ein ezyklopädiehaftes Format, welches auf diese Weise als Nachschlagewerk verwendet werden...

Germany on Jan 19, 2022

Amazon Customer: Cadeau de Noël

Canada on Jan 05, 2022

Joshua J. Hansen: This thee-volume set includes useful accounts of numerous deleveragings (both inflationary and deflationary), as well as Mr. Dalio's accounts of both the business cycle and the long-term debt cycle (also available in some of his free works that can be found on-line as pdf files)--accounts that are quite useful for investors and for business persons. Dalio's grasp of credit cycles, and his research, are of such quality, so insightful, and so reflective of his intellectual independence, that he is well suited to produce classic texts.

This work, however, is ill suited to become a classic, as Dalio has written it partly as a guide for politicians and bureaucrats who wish to bail out various clients (bankers, brokers, fund managers, large asset holders, and a variety of large institutions) at the expense of the public--a task that is familiar, as they have been doing it for decades, for the benefit of persons such as Dalio, the only change being that, until recently, they intervened at the end of each business cycle rather than at the bottom of each downwave within the deleveraging phase of the longer-term debt cycle. Dalio gives these lackeys and clowns precise instructions...

United States on Jan 12, 2020

David Shulman: Ray Dalio runs the very successful $150 billion Bridgewater Associates hedge fund and he is more than qualified to understand the pathology of debt. His book offers up a template for understanding of how a debt crisis develops where early optimism leads to over-leveraging that can longer be serviced which leads to analyzing the appropriate policy responses to it and a great deal of pain for society as a whole. He also fully understands that once a crisis is in full train there can be very negative political feedbacks that can make things far worse.

To Dalio policy makers have to ignore, at least initially, the problem of moral hazard. That is bailing out the ones who were in up to their eyeballs in making the crisis. He was fully supportive of the banker bailout program which in his opinion and my opinion was necessary to save the system. Where I would differ is that once a crisis has past the critical phase, those responsible have to be held to account. One of the reasons why there is so much populism on the right and the left is that no major banker in the U.S. went to jail. That was unlike the savings and loan scandals of the late 1980s and the dot.com frauds of the late...

United States on Oct 06, 2018