Principles of Resilience. How to Manage the Big Debt Cycle and Prevent Financial Crises

The global economy is experiencing a period of structural change. Markets are turbulent, government debts are reaching record levels, central banks are balancing between inflation and recession, and geopolitical instability is becoming the new norm. Investors, politicians, and business leaders are trying to understand the main question: is this temporary turbulence — or the beginning of a major economic shift?
To answer this question, Ray Dalio researched over 500 years of financial history and dozens of the largest debt crises and discovered a recurring pattern — the Big Debt Cycle, which explains how economies transition from prosperity to crisis and why even the strongest states can fail.
Drawing on historical cases from the USA, Europe, and China, Dalio shows what signals warn of impending turning points and how to read economic indicators to understand where the system stands today.
Read this book to understand:
— the stages of the Big Debt Cycle and their signs;
— the concept of managed debt reduction;
— a system of indicators that helps assess the resilience of a state long before a crisis;
— historical precedents that allow for a new perspective on the current situation in the global economy;
— practical models of analysis to protect capital and make strategic decisions.