Missive #597 Published 17 November 2025

Do big government debts and fast rates of adding to them threaten our collective well-being? In this groundbreaking analysis, Ray Dalio, one of the greatest investors of our time and the #1 New York Times bestselling author of Principles, shares the reasons behind his fears for the US debt markets, answering some of the most important market and economic questions. Are there limits to debt growth? Can a big, important reserve currency country like the US really go broke? Is there such a thing as a “Big Debt Cycle” that can tell us when to worry about debt and what to do about it?
I don't recommend this book as an eBook. The author relies on numerous graphs to tell his story, such as it is, and in the eBook that I had they are very small and not in color (which in his text he refers to graph lines by color). I also did not learn anything from what he had to say that I think I can use. The book was more a self promotion than one that I could learn from.


