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polanabear 's review for:
History, the rise and fall of empires and their currency occur in cycles. What's different about Dalio's take is the primacy financial and capital markets take in the role of the ascending and descending fates of nations. A theoretical treatise based on historical analysis, it provides a lot of high level insights into the dynamics of the cycles, many of the factors are quite obvious, but put together still thought provoking.