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      <title>Quant Principles</title>
      <link>https://quant-principles.pages.dev</link>
      <description>Last 10 notes on Quant Principles</description>
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    <title>austerity-failure</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/austerity-failure</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/austerity-failure</guid>
    <description><![CDATA[ Why cutting government spending in a depression worsens debt-to-income ratios by destroying the income needed to service debt. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>bubble-formation-signals</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/bubble-formation-signals</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/bubble-formation-signals</guid>
    <description><![CDATA[ How debt-fueled extrapolation of a justified bull market creates a self-reinforcing bubble, with the six quantifiable signals that mark the transition. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>bubble-top-and-depression</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/bubble-top-and-depression</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/bubble-top-and-depression</guid>
    <description><![CDATA[ The mechanics of bubble top formation — maximum leverage plus universal bullishness — and the depression dynamic that follows when credit reverses. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>credit-creation-engine</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/credit-creation-engine</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/credit-creation-engine</guid>
    <description><![CDATA[ How the ease of credit creation generates the spending-income feedback loop that drives all debt cycles toward eventual unsustainability. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>crisis-inevitability-and-base-rates</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/crisis-inevitability-and-base-rates</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/crisis-inevitability-and-base-rates</guid>
    <description><![CDATA[ Historical base rates show debt crises are the modal outcome over a full cycle lifetime, driven by structural policy bias toward easy credit. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>debt-sustainability-equations</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/debt-sustainability-equations</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/debt-sustainability-equations</guid>
    <description><![CDATA[ The three-lever equation governing debt/revenue trajectory: primary deficit, interest compounding, and revenue growth — with the r>g trap. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>Debt Cycle Mechanics</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/</guid>
    <description><![CDATA[ The foundational mechanics of how credit creation drives cyclical booms and busts, from short-term recessions to long-term deleveragings. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>short-term-cycle-phases</title>
    <link>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/short-term-cycle-phases</link>
    <guid>https://quant-principles.pages.dev/dalio/01-debt-cycle-mechanics/short-term-cycle-phases</guid>
    <description><![CDATA[ The six-phase ~6-year short-term debt cycle from recession through CB easing, boom, bubble, tightening, and back to weakness. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>beautiful-deleveraging-formula</title>
    <link>https://quant-principles.pages.dev/dalio/02-deleveraging-playbook/beautiful-deleveraging-formula</link>
    <guid>https://quant-principles.pages.dev/dalio/02-deleveraging-playbook/beautiful-deleveraging-formula</guid>
    <description><![CDATA[ The policy mix that achieves a beautiful deleveraging: nominal growth rate exceeds nominal interest rate while debt/income falls and inflation stays acceptable. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
  </item><item>
    <title>deflationary-vs-inflationary-types</title>
    <link>https://quant-principles.pages.dev/dalio/02-deleveraging-playbook/deflationary-vs-inflationary-types</link>
    <guid>https://quant-principles.pages.dev/dalio/02-deleveraging-playbook/deflationary-vs-inflationary-types</guid>
    <description><![CDATA[ How local-currency debt enables monetization and beautiful deleveraging while foreign-currency debt forces restructuring or collapse. ]]></description>
    <pubDate>Tue, 07 Apr 2026 10:00:54 GMT</pubDate>
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