Dalio talked about this a lot in The Big Debt Crisis.

I don’t have my copy so I can’t find the notes but here is a rough example. https://image.nostr.build/0cbc24c799a31814a2dd79ce6113d1cd3ab447336278b51d02a183eed3170261.png https://image.nostr.build/1848202a722d51f689841ae8f2786da8109554d22aa5ef59a9b2efca91db3d9e.png