PhD Economist, Fund Manager

Daniel Lacalle is a PhD in Economy and fund manager. He holds the CIIA financial analyst title, with a post graduate degree in IESE and a master’s degree in economic investigation (UCV).

ALL CONTRIBUTIONS

US: Disappointing Growth Shows Stimulus Diminishing Returns
The United States economy recovered at a 6.5% annualized rate in the second quarter of 2021, and gross domestic product (GDP) is now above the pre-pandemic level.
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Low Bond Yields Mean Weak Growth
Central Banks should know by now that you cannot have negative interest rates with low bond yields and strong growth. It's one or the other. Central banks have chosen low bond yields at any cost, despite all the evidence of stagnation ahead.
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Europe: Non-Competitive Power Prices Derail Growth
Despite an endless chain of monetary and fiscal stimuli, the Eurozone consistently disappoints in growth and job creation.
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EC Inflation, Money, And Supply Bottlenecks
One of the arguments used by central banks regarding the increase in inflation is that the rise in demand has created tensions in the supply chain. But available capacity is ample.
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The United States Consumer Is Not Happy
The University of Michigan consumer confidence index fell to 82.8 in May, from 88.3 in April. More importantly, the current conditions index slumped to 90.8, from 97.2 and the expectations index declined to 77.6, from 82.7.
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Investors Do Not See “Transitory” Inflation
A rising number of funds are looking at a highly likely risk of stagnation after the chain of stimuli but with rising prices. Official CPI may not reflect the rise in healthcare, education, fresh food prices and rent, but citizens feel it.
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STOCKS I FOLLOW

ABX Barrick Gold Corporation (Old)
BP BP p.l.c.
COPX GLOBAL X COPPER MINERS ETF
GLD SPDR Gold Trust ETF
GOLD Barrick Gold Corporation
SLV iShares Silver Trust
USO United States Oil Fund, LP

TWEETS

PERSONAL BLOG

Latest Posts
Why Biden’s $2 Trillion Infrastructure Plan May Fail
President Biden has announced the American Jobs Plan, which is summed up in the headlines as a $2 trillion investment program in infrastructure. However, most of it goes to subsidies and current expenditure.
New Lockdowns And More Rigidity Are Disastrous For U.S. Jobs
Employers look at Europe and are afraid more lockdowns are coming here.

Work Experience

Chief Investment Officer
Tressis Gestión SGIIC
September 2015 - Present (6 years 1 month)
Chief Executive Officer
Alphha Strategy Services
June 2015 - Present (6 years 4 months)

Macro analysis, strategy support

Senior Vice President and Portfolio Manager
PIMCO
October 2014 - May 2015 (8 months)

Energy and Utilities

Senior Portfolio Manager
Ecofin
November 2007 - October 2014 (7 years 1 month)

Senior Portfolio Manager. Energy & Utilities. Strong relationships with top management and industry contacts. Voted #1 Oil & Gas Buyside Professional in Extel 2011. Voted in Top 3 in both Oil & Gas and Utilities in 2010, 2009, 2008 and 2007.

Education

Universidad Católica de Valencia San Vicente Mártir
Doctor of Philosophy (Ph.D.)
2016 / 2016
Economics Grade Cum Laude
Universidad Católica de Valencia San Vicente Mártir
Master's Degree
2013 / 2014
Master in Economy Investigation
IESE Business School - University of Navarra
PDDA
2003 / 2004
Business Management

Publications