…EDIT: Here's a pretty good overview of debt cycles, and when debt helps/doesn't: https://www.youtube.com/watch?v=PHe0bXAIuk0 Or if you have more time to devote to the subject: https://www.amazon.com/Big-Debt-Crises-Ray-Dalio-ebook/dp/B0... EDIT 2: When I say "stored wealth", I don't mean the amounts in normal peoples' savings accounts, but the productive capital of the country - land, businesses, infrastructure.
From someone working in the hedge fund world, “Big Debt Crises” by Ray Dalio is the most useful book I have read on the topic. The language is quite accessible and it describes how various kinds of business cycles have played out through history. The highlight for…
…USD), and a strengthening of the USD would have a huge impact in reducing confidence in the ZMB dollar. A similar thing happened in Venezuela and Post-WW1 Germany I think. For a better explanation see Big Debt Crises by Dalio.
…profitability, so it's worth talking about. I think a deep depression is coming in the next credit/debt cycle bust or the one after, based on what I've been reading about how debt cycles work (I recommend Big Debt Crises by Ray Dalio), which should bring asset prices down. Of course, it'll also bring incomes down, spike unemployment, and a whole host of other shitty problems. I agree that saving more isn't a cure-all,…
……EDIT：这里有一个关于债务周期以及债务何时有用/何时没用的不错概述：https://www.youtube.com/watch?v=PHe0bXAIuk0 或者如果你有更多时间投入这个主题的话：https://www.amazon.com/Big-Debt-Crises-Ray-Dalio-ebook/dp/B0... EDIT 2：我说“储存的财富”时，指的不是普通人储蓄账户里的金额，而是国家的生产性资本——土地、企业、基础设施。
…EDIT: Here's a pretty good overview of debt cycles, and when debt helps/doesn't: https://www.youtube.com/watch?v=PHe0bXAIuk0 Or if you have more time to devote to the subject: https://www.amazon.com/Big-Debt-Crises-Ray-Dalio-ebook/dp/B0... EDIT 2: When I say "stored wealth", I don't mean the amounts in normal peoples' savings accounts, but the productive capital of the country - land, businesses, infrastructure.
作为一个在对冲基金行业工作的人，瑞·达利欧（Ray Dalio）的《债务危机》（Big Debt Crises）是我读过的关于这个话题最实用的书。语言通俗易懂，阐述了历史上各种商业周期是如何演变的。最精彩的部分……
From someone working in the hedge fund world, “Big Debt Crises” by Ray Dalio is the most useful book I have read on the topic. The language is quite accessible and it describes how various kinds of business cycles have played out through history. The highlight for…
……美元），而且美元走强会极大地打击人们对津巴布韦元的信心。我觉得类似的情况在委内瑞拉和一战后的德国也发生过。想看更详细的解释，请参考达利欧的《债务危机》（Big Debt Crises）。
…USD), and a strengthening of the USD would have a huge impact in reducing confidence in the ZMB dollar. A similar thing happened in Venezuela and Post-WW1 Germany I think. For a better explanation see Big Debt Crises by Dalio.
……盈利能力，所以这值得探讨。根据我对债务周期运作方式的研究（推荐瑞·达利欧的《债务危机》/Big Debt Crises），我认为在下一次信贷/债务周期破裂或再下一次时，会迎来一场严重萧条，这应该会压低资产价格。当然，它也会导致收入下降、失业率暴增，以及一整堆其他操蛋的问题。我赞同多存钱不是万灵药……
…profitability, so it's worth talking about. I think a deep depression is coming in the next credit/debt cycle bust or the one after, based on what I've been reading about how debt cycles work (I recommend Big Debt Crises by Ray Dalio), which should bring asset prices down. Of course, it'll also bring incomes down, spike unemployment, and a whole host of other shitty problems. I agree that saving more isn't a cure-all,…
我不确定，只是觉得挺有可能的。我最近正读瑞·达利欧的《债务危机》（Big Debt Crises），读得津津有味，里面就涵盖了这些周期。
I'm not sure, it just seems likely to me. I'm enjoying reading Ray Dalio's Big Debt Crises right now, which covers these cycles.
我前阵子开始读瑞·达利欧的《债务危机》（Big Debt Crises），目前来看，针对你想了解的内容，它是一本非常棒的入门读物。
I started "Big Debt Crises" by Ray Dalio a while ago and so far it's proving to be a very good introduction on what you're looking for.