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.
Our friend Daniel Lacalle was interviewed recently by BBC to discuss recent developments between trade negotiations between the US and China.
On his blog, he goes on to further explain why a trade war would be particularly devastating for China.
What the Trump...
Financial MarketsGlobal Economy
Argentina is a warning, and administrations should take this as a serious signal before the scare turns into a widespread emerging market crisis
(From Daniel Lacalle on Twitter)
His article last year "Are Central Banks Nationalising the Economy?" explains how the two charts are connected:
The government is not issuing “productive money” just a promise of higher revenues from higher taxes, higher prices or confiscation of...
Global EconomyTaxes and Spending
Argentina is faced with a model that has disproportionately increased the tax burden on the most productive sectors to subsidize the lowest productivity sectors.
With ultra-low interest rates already in place, Europe has nowhere to go when the slowdown intensifies.