How does the economy really work?
This simple but not simplistic video by Ray Dalio, Founder of Bridgewater Associates, shows the basic driving forces behind the economy, and explains why economic cycles occur by breaking down concepts such as credit, interest rates, leveraging and deleveraging.
"Ray Dalio's 'template' may be unconventional but it casts strong light on how the economy actually works."
"This knowledge would help everyone as investors and citizens. Watching is a worthwhile 30 minutes investment."
"Forget Econ 101. Take a look at the lessons in Dalio 101."
"Explains macroeconomics in a practical way."