With the 14th anniversary of the Great Financial Crisis of 2008 approaching, we are about to enter a new debt cycle that could reset the market. Navigating upcoming crises requires a deep understanding of how all previous debt crises worked and why they happened. Ray Dalio, the founder and chairman of Bridgewater Associates, was the…
The U.S. national debt reached its all-time high this month, surpassing $31 trillion. Over $11 trillion of the debt was added in the past 10 years alone, $5 trillion of which was a direct result of the debt spending initiated by the Biden administration in 2020. Graph showing the size of the U.S. debt from…
Despite their best efforts, European countries’ governments have so far been unable to curb inflation this year. Russia’s invasion of Ukraine was the spark that finally triggered the crisis that loomed since the outbreak of the COVID-19 pandemic in 2020. In June, EU member states released their consumer price index (CPI), showing that prices have…