Book Bits: 7 June 2025

● How Countries Go Broke: The Big Cycle
Ray Dalio
Review via Inc.
Billionaire investor Ray Dalio, who founded Bridgewater Associates, the largest hedge fund in the world, is warning that the debt situation in the United States is approaching a “death spiral” that could eventually threaten the entire U.S. economy.
In his new book, How Countries Go Broke: The Big Cycle, Dalio joins a growing chorus of financial experts and billionaires who have been sounding the alarm about government debt levels. The book comes as a report from the Congressional Budget Office released Wednesday found that Donald Trump’s budget bill would add $2.4 trillion to national debt, which currently stands at $36.9 trillion. The problem, Dalio said, is “urgent.”

● Coming into View: How AI and Other Megatrends Will Shape Your Investments
Joseph H. Davis
Review via USA Today
An expertly crafted evaluation of forces shaping the economy over the coming decade and portfolio management strategies designed to harness them In Coming Into View: How AI and Other Megatrends Will Shape Your Investments, Vanguard’s Global Chief Economist and head of its Investment Strategy Group, Joe Davis, makes a simple and profound argument: that the “status quo” view of the United States economy – one of predictable and relatively constant measures of growth, inflation, and financial returns – is actually deeply unlikely to hold true in the future. The book demonstrates how the promise of artificial intelligence and technological advancement may push against the daunting headwinds of slowing population growth, rising geopolitical tensions and growing national debt, to reshape the economy in ways that conventional thinking overlooks.

● Sharing Risk: The Path to Economic Well-Being for All
Patricia A. McCoy
Review via Boston College Law School Magazine
In Sharing Risk, McCoy explores explanations as to why financial burdens have shifted onto the backs of individual US families over the past sixty years. She examines how businesses and governments have slowly widened the wealth gap, presenting policy recommendations on risk sharing that would build a more equitable financial system.
McCoy describes her intentions this way: “A couple of inspirations led to my book. One was the number of family members, friends, students, and law clients I had met over my lifetime who were living in deep financial insecurity. Usually, that was due to no fault of their own.
“The other was the realization that consumer financial protection is not enough alone to put struggling families on secure financial footing.”

● The Trader’s Handbook: Winning Habits and Routines of Successful Traders
Richard Moglen, et al.
Summary via publisher (Harriman House)
The Trader’s Handbook is your definitive guide to what it actually takes to trade like a professional.
The authors provide a road map, a guide, and a resource that will allow you to progress as quickly as possible on your trading journey.
They present multiple edges and frameworks that are precisely relevant to the current markets. These edges come from their collective studies of setups and analysis of the best performing stocks over the past few decades.

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