The Economy explained by Ray Dalio in 30 minutes

Raymond “Ray” Dalio is an American billionaire investor, who is a co-founder of the investment firm Bridgewater Associates, one of the world’s largest hedge funds. Astonishingly he also a producer of an economical 101 YouTube video (from the year 2013), which explains how “The Economic Machine Works.”

The 30 minutes video (worth every minute) explains in a simple but not simplistic way the inner mechanism of the machine. Three main forces are described, which drives the economy.

  • Productivity Growth
  • Short Term Debt Cycle
  • Long Term Debt Cycle

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