Daniel Lacalle has a PhD in Economics and is author of Escape from the Central Bank Trap, Life In The Financial Markets and The Energy World Is Flat.
A rate cut would only create a larger problem in the future. If the already dangerous corporate and sovereign debt bubble grows significantly more, no monetary policy will prevent a debt crisis.
Global EconomyMoney and BanksMoney and Banking
Monetary policy has gone from being a tool to support fiscal reforms to an excuse for not implementing them.
Financial MarketsGlobal EconomyMoney and Banks
It is not easy to change the failed policies of the Kirchner era without recognizing the enormous monetary and fiscal hole created by the previous administration.
Booms and BustsFinancial MarketsMoney and Banks
Using Japan as a model, governments are steering us toward a worldwide zombie economy — but we're likely to end up with something that looks more like Argentina than Japan.
Big GovernmentBureaucracy and RegulationGlobal Economy
Europe is falling behind North American and China in the tech sector. This is not by chance or bad luck, it is by design.