Daniel Lacalle | TalkMarkets | Page 1
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).

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Central Banks Are Wrong About Rate Cuts
Central banks know that inflation is a monetary phenomenon, which is why they attack rising consumer prices with rate hikes and money supply reductions.
Why The U.S. Public Debt Is Unsustainable And It Is Destroying The Middle Class
More units of public debt mean weaker productive growth, higher taxes, and more inflation in the future. All three are manifestations of a slow burn default.
More Easy Money Will Plunge Us Into Stagflation
Thirty major central banks are expected to cut rates in the second half of 2024, a year when more than seventy nations will have elections, which often means massive increases in government spending.
Gross Domestic Income Shows America Is In Stagnation
The divergence between headline GDP and Gross Domestic Income (GDI) is staggering.
Easing In The Middle Of Persistent Inflation May Worsen Stagflation Risk
Thirty major central banks are expected to cut rates in the second half of 2024, a year when more than seventy nations will have elections, which often means massive increases in government spending.
The Poor United States Economic Sentiment Screams “Buy Gold”
The manufacturing and consumer confidence weaknesses of the United States are deeply concerning.
Record Global Debt: A Ticking Time Bomb For The World Economy
The relentless increase in global debt is a problem for the economy. Bloated public debt is a burden on the economy, making productivity stall, raising taxes, and crowding out financing for the private sector.
Why Central Bank Digital Currencies Are Unnecessary And Dangerous
The main central banks have been deliberating on the concept of introducing a digital currency. But a central bank digital currency is much more than electronic money. Here's why...
Why Taxing Billionaires Won’t Reduce Taxes For The Middle Class
The notion of taxing billionaires to alleviate the financial burdens of the middle class stands as a tempting narrative. Advocates tout it as the solution to income inequality, providing fair redistribution of wealth.
Will Commercial Real Estate Trigger The Next Financial Crisis?
Investors expect the Federal Reserve to pump the monetary laughing gas machine. However, there are dark clouds looming on the horizon: another wave of regional bank troubles added to the burgeoning crisis in the commercial real estate market.
The Fed Cannot Cut Rates As Fast As Markets Want
Market participants started the year with aggressive expectations of rapid and large rate cuts. However, after the latest inflation, growth, and job figures, the probability of a rate cut in March has fallen from 39% to 24%.
Why Americans Do Not See A Strong Economy
The euphoria with the fourth quarter Gross Domestic Product (GDP) figure makes no sense. The headline champions say that real GDP increased at an annual rate of 3.3% in the fourth quarter of 2023, according to the Bureau of Economic Statistics.
Milei Told The Uncomfortable Truth In Davos
The burden of interventionism falls entirely on small businesses and families, destroying the middle class in the process. The wealthy can escape the negative impact of monetary debasement and confiscatory taxes.
Massive Money Printing Will Accelerate As Debt Soars
The U.S. federal government published a December deficit of $129 billion, up 52% from the previous year. The private sector recession is clear as expenses continue to rise while tax receipts decline.
Expect More Currency Destruction And Weak Economies In 2024
Markets closed 2023 with the strongest rally for equities, bonds, gold, and cryptocurrencies in years. The level of complacency was obvious, registering an “extreme greed” level in the Greed and Fear Index.
Three Risks To The Inflation Narrative
Market expectations of rapid disinflation and a soft landing remain, but January has given a few new risks to the optimistic estimates of disinflation with no impact on the economy.
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