Jeff Desjardins — How the Economic Machine Works, According to Ray Dalio

Summary:
Three Major Forces Dalio says this model has guided Bridgewater for over 30 years, and that there are three major forces that shape the economy: 1. Productivity Growth Productivity growth, which is measured as a percentage of GDP, grows over time as knowledge, technology, and innovations help to raise our productivity and living standards. 2. Short-Term Debt Cycle Usually lasting 5-8 years, the short-term debt cycle is a repeating pattern that occurs as credit expands and contracts.3. Long-Term Debt Cycle Usually lasting 75-100 years, the long-term debt cycle usually ends in a period of extreme deleveraging, where global debt is unsustainable and asset prices fall.... Visual CapitalistVideo: How the Economic Machine Works, According to Ray DalioJeff Desjardins

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