Category Archive: 9d) Fund and Hedge Funds

In an advanced economy, credit does more good than bad. But it’s important to remember that borrowing creates cycles — and if the cycle goes up, it eventually needs to come down. I explain why this is particularly important today in my new book, How Countries Go Broke. But if you’d like more context on how all of these pieces come together, I recommend you watch my 30-minute explainer “How the Economic Machine Works” here: &t=1444s...

Read More »

When great powers rise throughout history, they generally do so for the same reasons. These successful new orders are typically started by powerful revolutionary leaders doing four things: 1) Winning power by gaining more support than their opposition 2) Consolidating power by converting, weakening, or eliminating that opposition 3) Establishing systems and institutions that make the country work well 4) Creating systems that pick successors well...

Read More »

The basic picture has not changed — if the US doesn’t cut the deficit to 3% of the GDP, and soon, we risk facing an economic heart attack in the next three years. The good news is that these cuts are possible. If we change spending and income (tax returns) by 4% while the economy is still good, the interest rate will go down as a result and we’ll be in a much better situation. And we know this kind of balance is possible because it happened...

Read More »

What can the former Dutch Empire teach us about the importance of capitalism in driving long-term success? #principles #raydalio #history #capitalism

Read More »