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So much of our current political and economic climate can be explained by debt cycles— and how those cycles build on each other over time. I explain why 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” on YouTube linked in the comments). | Ray Dalio
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Ray Dalio shares his five-step formula for building a world-class team. Watch the full episode of The Deal on the Bloomberg app or listen wherever you get your podcasts trib.al/oZlnNIx | Bloomberg
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