Video: Reign In Europe’s Pyromaniac Firefighters | Interview @ Real Vision
Central banks are behaving like pyromaniac firefighters, presenting themselves as the solution to the crises their policies create. In this interview at Real Vision, we discuss this issue. Daniel Lacalle is Chief Economist at Tressis SV, has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life In The Financial […]
Are Central Banks Nationalising the Economy?
The FT recently run an article that states that “leading central banks now own a fifth of their governments’ total debt”. The figures are staggering. . Without any recession or crisis, major central banks are purchasing more than $200bn a month in government and private debt, led by the ECB and the Bank of Japan. […]
Is The Euro Crisis Really Over?
This week we have read that Brussels has certified “the end of the crisis”. In an uncomfortably triumphant statement, the group welcomed the fact that Europe had emerged from the crisis and returned to growth “thanks to the decisive action of the European Union”. Really? Thanks to the “decisive action” of the European Union the “economy is back […]
Cautious On Global Trade Growth
We have long warned about over-optimism regarding inflation expectations, global trade and GDP growth. The trade balance data from Germany and China again show us the risk of bullish estimates for 2017. German exports fell by 2.8% in June, compared with an expected -0.3%, the largest drop since August 2015. Imports, which are essential to […]
Asfixiados a impuestos
“Cause from those total wages earned down to that net amount that's due I feel the painful sense of loss between the two”, Johnny Cash.
No para usted de escucharlo. “España tiene un problema de ingresos, no de gastos” y “la presión fiscal en España es más baja que en la UE”. Son argumentos incesantemente repetidos. El problema, dicen, es que recaudamos poco. Nadie parece parar, sentarse y pensar por qué. Muchos impuestos, pobre recaudación. España es uno de los […]
Video: Real Conversation with Keith McCullough at Hedgeye
In this great conversation with Keith McCullough we discuss central banks, monetary policy, markets and solutions to the secular stagnation, all around my new book, Escape from the Central Bank Trap. Daniel Lacalle is Chief Economist at Tressis SV, has a PhD in Economics and is author of “Escape from the Central Bank Trap”, “Life […]
Vídeo: ¿Favoreció la bajada de impuestos a los ricos?
La Pizarra
En esta ocasión analizamos qué sectores de la población, en función de su renta, fue la más beneficiada por la bajada de impuestos llevada a cabo en 2014.
La EPA que no queremos volver a ver
“You're the reason I'm travelling on, don't think twice, it's all right” Bob Dylan
Mucho se discute estos días sobre la calidad del empleo y la recuperación, y poco sobre el desastre que causaron las políticas equivocadas, que nos quieren vender como “soluciones”. La EPA del segundo trimestre de 2017 nos muestra que España está creando mejor empleo que el que perdió. España lleva 41 meses creando empleo indefinido […]
The US Urgently Needs the Tax Reform to Close the Recovery Gap
The US economy expanded in the second quarter of 2017 by more than double the pace shown in the first quarter, reducing concerns about stagnation or even a forthcoming recession. Gross domestic product rose at a 2.6% annualized rate from the previous quarter, while first-quarter growth was revised down to 1.2% from 1.4%. The biggest drivers […]
Eurozone Growth Seems To Have Peaked
Old Europe continues to reveal its old problems: Overcapacity, companies in difficulties and an aging population that has more conservative consumption patterns European PMIs for July in the eurozone have shown how difficult it is to continue to believe in the mirage of growth that has been sold to us by Old Wall Street after […]
Vídeo: El comercio online y la competencia: ¿hay que preocuparse?
La Pizarra
En esta ocasión explicamos en qué consiste el comercio online y cómo afecta a la competencia.
Se dispara la economía zombi: el BCE y la alternativa del diablo
"And of a voice that told her when and where to act, she said I've lost control again” Ian Curtis
Algo va mal en el paraíso de la planificación centralizada. El jueves, ante la fortaleza del euro contra el dólar y sus monedas de referencia, el Banco Central Europeo (BCE) decidió dar unos mensajes de tranquilidad. “La inflación no está donde debiera”, decía el presidente del Banco Central Europeo, aunque ningún consumidor en ningún país […]
Daniel Lacalle: 
Charles de Secondat: 
Rafael: 
Pepe: 