Ray Dalio

Big Debt Crises

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2,330 printed pages
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  • b1951360027shared an impression3 years ago
    👍Worth reading

Quotes

  • 洪一萍has quoted5 years ago
    If lending standards are so tight that they require a near certainty of being paid back, that may lead to fewer debt problems but too little development. If the lending standards are looser, that could lead to more development but could also create serious debt problems down the road that erase the benefits.
  • 洪一萍has quoted5 years ago
    there is nothing like the pain of being wrong or the pleasure of being right as a global macro investor
  • Mikhail Khmelikhas quoted4 years ago
    because credit creates both spending power and debt, whether or not more credit is desirable depends on whether the borrowed money is used productively enough to generate sufficient income to service the debt

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