Principles for Navigating Big Debt Crises

In this book, Ray Dalio shares his unique template for understanding how debt crises work and principles for dealing with them effectively.

The book is organized into three parts: The Archetypal Big Debt Cycle, Three Detailed Cases (examining the 2008 financial crisis, the 1930s Great Depression, and the 1920s inflationary depression of Germany's Weimar Republic), and a Compendium of 48 Cases of the worst debt crises of the last 100 years.

Dalio analyzes these crises to develop a framework for policymakers and investors to manage and prevent future debt crises.