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How The Economic Machine Works by Ray Dalio

Discussion in 'Property Market Economics' started by Coota9, 7th Jul, 2015.

  1. Coota9

    Coota9 Well-Known Member Premium Member

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    Great clip to understand how the economy works..or in Greece's case doesn't!!


     
    Hanison, mrdobalina, Tekoz and 4 others like this.
  2. miximitosis

    miximitosis Well-Known Member

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    Cool video - have seen it before, but will get the Mrs to watch it.

    Ray Dalio is a bit of a god in the investment world. Tony Robbins seems to think so too in his book Money - Master the Game. Definitely worth a read!
     
  3. Kangabanga

    Kangabanga Well-Known Member

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    though not perfect, it does explain a lot in simple terms. Definitely a must watch..
     
  4. Terry_w

    Terry_w Solicitor, Finance Broker, CTA Business Member

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    Excellent video.
     
  5. Tekoz

    Tekoz Well-Known Member

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    Yes it is, I've seen it already and it seems that Australia is at the top already :-|
    so it is going to be a scary times next 2 years ahread when interest rate is lifted.
     
  6. Sydlad

    Sydlad Member

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    Interesting thread

    It's obvious on a global scale deleveraging has occurred since gfc

    The graph I gave attached is interesting (total debt by nation) includes both government & citizen debt

    The UK is way out in front lol

    Can't believe Japan hit 400 in early 90's that's nuts :-/
     

    Attached Files:

  7. Sydlad

    Sydlad Member

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    Also note if you were to compare the Australian total debt to GDP ratio vs a graph of Australian property prices you would ask why the disparity ?

    Doomsayers frequently post graphs of Australian residential property price growth - quite a scary graph I have to admit

    But IMO its a one dimensional assessment

    It's clear our GDP growth has kept up

    Resulting in a healthier debt to GDP ratio than say Japan or the UK
     
  8. C-mac

    C-mac Well-Known Member

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    Loved the video!

    But one part angered me... here are most of us on PC working hard to, well, create wealth for ourselves and be less of a burden during our retirement, on our government.

    So, we become productive and work hard to build portfolios etc. The video suggests that hard workers who build their wealth will cop it badly during a 'wealth redistribution'; to, yep, you guessed it, those who were lazier, spent their pennies on flatscreen tv's etc.

    This just doesn't seem fair to those who work hard. Or am I missing something?
     
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  9. mrdobalina

    mrdobalina Well-Known Member

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    This is a brilliant video. Thanks for sharing.
    Are there any books or literature that goes into it a lot deeper?
     
  10. Debz

    Debz Member

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    Great video. The comments under that video on youtube could be a whole new forum lol
     
  11. Sashatheman

    Sashatheman Well-Known Member

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    i'll add it to my watch list.
     
  12. Sashatheman

    Sashatheman Well-Known Member

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    Really enjoyed this simple video. Do you think Australia went through a beautiful delevaraging after the gfc?