Principles By Ray Dalio
Principles By Ray Dalio
@principlesbyraydalio·3.1M subscribers·621 videos

Ray Dalio on Austerity in the Big Debt Cycle

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January 27, 2026

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If you want to understand everything you’re hearing about budget deficits and tariffs, you need to understand the big debt cycle.

But if you’d like more context on how all of these pieces come together, I recommend you watch my 45 minuteexplainer “Principles for Dealing with the Changing World Order” here

#principles

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Changing World Order

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Ray Dalio on Austerity in the Big Debt Cycle · Principles By Ray Dalio · Sentinel