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.
Money and BanksMoney and Banking
Eurozone banks are better off than they were three years ago. But they are nowhere close to having solved their challenges.
Global EconomyProtectionism and Free TradeU.S. Economy
This trade deal is not only vague, conditional and temporary — it will fail to stop the global economic slowdown.
Financial MarketsGlobal EconomyMoney and Banking
The next crisis is not likely to be another Lehman, but another Japan — a widespread zombification of global economies.
Financial MarketsGlobal EconomyMoney and Banks
97% of consensus economists didn’t see the last recession the quarter before it started. Even worse, 77% didn’t see a recession when it was already happening!
Big GovernmentFinancial MarketsGlobal Economy
Blaming the euro will not save Italy. Italy’s problem is political spending — the same problem that this new budget is going to greatly increase.