How The Economic Machine Works by Ray Dalio – VIDEO
By Ray Dalio, Bridgewater Associates,
YouTube Link: How the Economic Machine Works
Ray Dalio, founder of hedge fund Bridgewater Associates, recently released a video – How The Economic Machine Works (in 30 minutes). In it, he shares the economic template that has guided him over the past 30 years.
Dalio identifies 3 main forces that drive the economy:
1. Productivity growth
2. Short term debt cycle
3. Long-term debt cycle
3 Key Takeaways are the following:
1. Don’t have debt rise faster than income
2. Don’t have income rise faster than productivity
3. Do all that you can to raise your productivity
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