Debt cycles and how the economic machine works

I highly recommend the paper from Ray Dalio on debt cycles "how the economic machine works". Its clear written and goes deep. It is also easy to see where we are at the moment according to his debt cycles models. I will write in more details about his theories soon. Please do not hesitate to provide feedback and your opinion on it. Here the link to the article:

http://www.bwater.com/home/research--press/how-the-economic-machine-works.aspx