Not a long post today. I would simply like to share with you a link to a Ray Dalio's video on YouTube which I think is great:
How The Economic Machine Works
On this short video, Ray give us a quick and simple macro class explaining:
- How governments and central banks work
- How public and private debt evolve in cycles
- What money supply is and how does it affect interest rates (and us)
- How we and our governments always repeat the same mistakes...
In short, if we understand what Ray explains on the video, we could try and think how we can adapt the theory to our personal finance. No Golden Rule at all but simple common sense.
And remember, as the old Frankie said, ""after winter comes the spring".
